FREMONT, Calif., March 14, 2018 /PRNewswire/ -- Tailored
Brands, Inc. (NYSE: TLRD) today announced the company sold its MW
Cleaners business on March 3, 2018,
for approximately $18
million.
"MW Cleaners operated as an independent retail dry cleaning
business separate from our vertically integrated dry cleaning
operations that support our formalwear rental business. As
part of our commitment to optimize our portfolio, focus on our core
businesses and unlock cash flow, we decided to sell MW Cleaners,"
said Tailored Brands Chief Executive Officer Doug Ewert.
At the time of the transaction, MW Cleaners operated 38 retail
dry cleaning, laundry and heirlooming facilities in Austin and Houston,
Texas.
About Tailored Brands
As the leading specialty retailer of men's tailored clothing and
largest men's formalwear provider in the U.S. and Canada, Tailored Brands helps men love the way
they look for work and special occasions. We serve our
customers through an expansive omni-channel network that includes
over 1,400 locations in the U.S. and Canada as well as our branded e-commerce
websites. Our brands include Men's Wearhouse, Jos. A. Bank,
Joseph Abboud, Moores Clothing for
Men and K&G. We also operate an international corporate
apparel and workwear group consisting of Dimensions, Alexandra and
Yaffy in the United Kingdom and
Twin Hill in the United States.
For additional information on Tailored Brands, please visit the
Company's websites at www.tailoredbrands.com,
www.menswearhouse.com, www.josbank.com, www.josephabboud.com,
www.mooresclothing.com, www.kgstores.com, www.dimensions.co.uk,
www.alexandra.co.uk. and www.twinhill.com.
Contact:
Investor Relations
(281) 776-7575
ir@tailoredbrands.com
Julie MacMedan, VP, Investor
Relations
Tailored Brands, Inc.
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SOURCE Tailored Brands, Inc.