George Zimmer
American businessman
George Zimmer
George Zimmer is an American entrepreneur, the founder and CEO of the Men's Wearhouse, a men's clothing retailer that has more than 1,200 stores across the U.S. and Canada under the brands Moores, Men's Wearhouse and K&G Superstores.
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The Evolution of American CEO Ad Stars
Wall Street Journal - 4 months
Wal-Mart Chief Executive Doug McMillon is appearing in a TV commercial for the retailer, following in the footsteps of other CEO ad stars, such as Chrysler’s Lee Iacocca and Men’s Wearhouse’s George Zimmer.
Article Link:
Wall Street Journal article
Common Sense: Ousted Founder of Men’s Wearhouse Watches His Old Company Struggle
NYTimes - about 1 year
Two years ago, George Zimmer was pushed out of the company closely associated with his face. Now its stock is suffering, while he has started two online businesses.
Article Link:
NYTimes article
The suit business: Material differences
The Economist - about 3 years
Or wait 80 years and buy it online CUFF-TO-CUFF combat has broken out in the buttoned-down business of selling suits to American men. Jos. A. Bank started the needle match in October, offering $2.3 billion for its bigger rival, Men’s Wearhouse. When that failed to measure up, Men’s Wearhouse offered to buy Jos. A. Bank, first for $1.5 billion, then for $1.6 billion. Which can tailor a deal?There is little growth in the suit market so both firms are under pressure to trim costs and either lead the consolidation of their industry or return money to investors. Men’s Wearhouse has announced plans to run two candidates for election to the board of Jos. A. Bank, which in turn has boosted its “poison pill” anti-takeover defences and, it was reported on February 2nd, is now exploring buying Eddie Bauer, a seller of men’s casual clothes, in part to make itself a tougher target. The company’s new focus on delivering short-term returns seems to have triggered the firing last June of George Zi ...
Article Link:
The Economist article
Jos. A. Bank drops Men's Warehouse bid, moves on
San Francisco Chronicle - over 3 years
A. Bank Clothiers Chairman Robert Wildrick said he's evaluating new takeover targets for the century-old retailer of men's apparel after abandoning a proposed $2.3 billion cash bid for Men's Wearhouse. Men's Wearhouse's largest investor, Eminence Capital LLC, said it will seek a special meeting of shareholders. Eminence, a hedge fund which earlier this month disclosed a 9.8 percent stake in Men's Wearhouse, had pushed the retailer to pursue its rival's overtures. A. Bank's offer came at a moment of turmoil for Men's Wearhouse, which cut its profit forecast in September and removed founder George Zimmer as executive chairman over strategy disagreements in June. Men's Wearhouse Chief Executive Officer Doug Ewert said in a Nov. 4 statement that the retailer's own strategic plan would create more value than the offer from Jos.
Article Link:
San Francisco Chronicle article
The Deal: Jos. A. Bank Still on The Hunt For Takeover Prospects
The Street - over 3 years
NEW YORK (The Deal) -- Jos. A. Bank Clothier is still shopping for acquisitions despite the termination of its $48 per share, $2.3 billion offer for Men's Wearhouse, Gilbert Harrison, chairman of investment bank Financo said Friday. Financo, along with Goldman, Sachs & Co. , is Hampstead, Md.-based Jos. A. Bank's financial adviser. Destination XL Group , formerly known as Casual Male Corp., with a market cap of about $320 million and also a purveyor of men's wear, has been reported to be a potential target. Harrison said he couldn't comment on specific targets. He also declined to say whether private equity firm Golden Gate Capital might be on board for a deal other than Men's Wearhouse, though he did say that the two entities have an "extremely good relationship." Despite looking for additional targets, Jos. A. Bank would still consider making a new offer for Men's Wearhouse, were the Houston-based company to change its mind, Harrison added. He emphasized, however, that the d ...
Article Link:
The Street article
Jos. A. Bank and Men's Wearhouse: You Need Each Other
The Street - over 3 years
This story has been updated from 9:52 am ET with new information. NEW YORK (TheStreet) -- Jos. A. Bank  likes the way Men's Wearhouse looks, but getting a date is proving to be difficult. While Men's Wearhouse has rejected Jos. A. Bank initial $2.3 billion cash takeover offer, investors applauded the proposed merger as a cunning solution to the struggles of two menswear retailer struggling for customers.At present, though, Men's Wearhouse isn't interested in a marriage. The Houston-based retailer said the bid "significantly undervalues" the company and "is not in the best interests of Men's Wearhouse or its shareholders." Also see: Greenberg: If Jos. A Bank Gets Men's Wearhouse... Also see: The Deal: Men's Wearhouse Rejects Jos. A Bank Bid as Stocks Surge But maybe Men's Wearhouse can be convinced to come to the party. Shares of both companies were surging on the news. Men's Wearhouse was up a whopping 29% to $45.32, reaching a six-year high while Jos. A. Bank shares were gaini ...
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The Street article
Men's Wearhouse Has Been Crashing Since The Ouster Of Founder George Zimmer
Business Insider - over 3 years
Men's Wearhouse founder George Zimmer was abruptly fired in June for disagreeing with his board's management strategy.  Now, there is some vindication for Zimmer, who is famous for appearing in the retailer's "you're going to like the way you look" ads.  Men's Wearhouse profits are down 28% this quarter, while sales are down 2.3%. The brand blamed the slowdown, in part, on superstitious brides' aversion to getting married in the year 2013.  "Virtually every facet of the Men’s Wearhouse business flagged, from suit sales to tuxedo rentals and alterations," writes Kyle Stock at Bloomberg Businessweek.  Since Zimmer left the company, Men's Wearhouse has floundered. Shares have tumbled 10%, suggesting that investors felt better about the company when he was there.  Customers furiously protested when he left the company. And the company's first ad sans Zimmer was labeled a disaster.  Zimmer's main disagreement with the board involved wanting to take the company private, meanin ...
Article Link:
Business Insider article
Seams Like Old Times at Men's Wearhouse
Wall Street Journal - over 3 years
Ahead of the Tape: The bar has been lowered at Men's Wearhouse since the firing of founder and Executive Chairman George Zimmer in June.
Article Link:
Wall Street Journal article
New Men's Wearhouse Ad Hits Airwaves Without Zimmer's Signature Phrase
The Huffington Post - over 3 years
(Reuters) - When a commercial for Men's Wearhouse hit the airwaves on July 8, there was one glaring omission. Its founder George Zimmer, the man whose deep, gravelly voice has been connected with the company's ad campaign for more than 25 years, did not appear. More...
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The Huffington Post article
Mary Buffett: What Happens When You Fire Your CEO Who Is Also Your Spokesman? Ask the Men's Wearhouse
Huffington Post - over 3 years
Uh oh. Last week in business news, the board of The Men's Wearhouse fired their founder and long-time commercial spokesman George Zimmer. For those who've lived on Mars over the last two decades, George Zimmer built a very successful business marketing suits to guys whose eyes bulged from sticker shock whenever they left a Brooks Brothers. Zimmer not only founded The Men's Wearhouse but served as its spokesman. His gravelly voice and winning charm sounded like the Everyman who shopped there. While death and taxes are few of life's certainties, let me add a third. The Men's Wearhouse will soon regret removing their ace card from their branding. Firing George Zimmer from The Men's Warehouse is like benching Warren Buffett over at Berkshire Hathaway. As the pitch-perfect spokesman for his brand, losing Zimmer will remove the soul from The Men's Wearhouse brand. I guarantee it. Both sides have been coy about what led to the split, but a New York Times story hi ...
Article Link:
Huffington Post article
Men's Wearhouse Fight With Founder Heats Up - Fox Business
Google News - over 3 years
Bloomberg Men's Wearhouse Fight With Founder Heats Up Fox Business Description. Wall Street Journal's Spencer Jakab on the war of words between Men's Wearhouse and its founder George Zimmer. Duration 4:20; Date Jun 27, 2013. Advertisement. Clips. Also in this playlist... Latest Video. Auto-advance: ON. Auto-advance ... Men's Wearhouse Turns Target With Or Without FounderBloomberg Zimmer Lashes Out at Men's Wearhouse Board in Open LetterCNBC.com Men's Wearhouse founder: I'm not an egomaniacCNNMoney USA TODAY -Los Angeles Times -Wall Street Journal all 62 news articles »
Article Link:
Google News article
Zimmer hits back at Men's Wearhouse, says he's not 'obstinate'
LATimes - over 3 years
The latest volley in the spat between Men’s Wearhouse and George Zimmer , the executive chairman it abruptly fired last week: an open letter from Zimmer accusing the company he founded 40 years ago of trying to “marginalize and then silence” him.
Article Link:
LATimes article
Men's Wearhouse: Zimmer Wanted 'Full Control'
Wall Street Journal - over 3 years
The board of Men's Wearhouse said George Zimmer as executive chairman wanted "full control," a demand that led to his termination last week.
Article Link:
Wall Street Journal article
Men's Wearhouse: Zimmer Wanted To 'Regain Control' (Update 1)
The Street - over 3 years
This story has been updated from 10:15 am. NEW YORK (TheStreet) - Men's Wearhouse shares skyrocketed as much as 7% on Tuesday, following a dramatic day in which the company finally elaborated on why it abruptly fired its founder and chairman George Zimmer a week earlier, even as the 64-year-old "I guarantee it" spokesman potentially plans a comeback. According to unnamed sources cited by Reuters, Zimmer, who co-founded the company 40 years ago in Texas, "was shocked by the decision" of the board to terminate him and is "mulling his options," potentially include a comeback. ... Click to view a price quote on MW. Click to research the Retail industry.
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The Street article
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