The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The owner of Men’s Wearhouse and Jos. A. Bank announced on Tuesday that Dinesh Lathi is leaving the chief executive role, effective immediately, in light of internal restructuring. Board members Bob Hull and Peter Sachse will act as interim co-CEOs. Tailored Brands is currently looking for a successor.
In December 2020, Tailored Brands emerged from Chapter 11 bankruptcy in after filing in August of that year, with plans to reduce headcount and close stores. Earlier this month, it announced $75 million in new financing. The business’ recent performance has propelled the decision for a transition in the CEO role.
”With a solid financial structure now in place and the support of its new owners behind it, Tailored Brands is well positioned for growth in its next chapter,” said Hull.
To provide actionable insights and inspiration on how fashion and retail industries can further embed diversity, equity and inclusion in the workplace and business strategies today, BoF Careers co-hosted a panel discussion with The Outsiders Perspective. Now, BoF shares key learnings from the panel.
Discover the most exciting career opportunities now available on BoF Careers — including jobs from Tapestry, Alexander McQueen and Toteme.
A US regulator has banned most uses of the clauses, which started as a way for fashion companies to prevent senior executives from walking off with trade secrets, but have become a standard retention tool.
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.