Tailored Brands has publicly filed for an initial public offering (IPO) as the company aims to expand its footprint with hundreds of new stores.
Tailored Brands owns menswear retailers Men’s Wearhouse, Jos A Bank and Moores, and family retailer K&G Fashion Superstore. It confidentially filed for the IPO in April.
The move comes six years after the company shut down more than 400 locations as part of a Chapter 11 bankruptcy restructuring in 2020. The downsizing resulted from pandemic-related lockdowns and a sharp drop in demand for business suits as people transitioned to working from home.
Tailored Brands intends to list its common stock on Nasdaq under the ticker symbol “MENW”. The number of shares and the price range for the proposed IPO have not yet been determined.
In its filing, the company said it plans to add more than 500 stores over the next decade, starting with 20 this year. Its four banners currently have more than 1000 locations in the US and Canada.
The retailer also plans to boost investments in supply chain and technology, modernize and streamline its assortment, and enhance its private brand portfolio.
Between FY21 and FY25, Tailored Brands net sales grew at a compound annual growth rate of 4.4 per cent, reaching $2.5 billion, according to the filing. Gross margin expanded by about 145 basis points to 48.2 per cent during 2024-25.
The company noted that the proposed IPO is subject to market and other conditions, and that there is no assurance the offering may be completed.