Men’s Wearhouse NNN Properties for Sale

Are you looking to buy or sell a Men’s Wearhouse Ground Lease Property, or NNN Lease Men’s Wearhouse Property for passive investment? If you would like to buy or sell Net Lease Men’s Wearhouse Properties, please feel free to send us an email to info@nnndeals.com and we will get back to you quickly.

Tailored Brands, Inc.
TypePrivate
OTC Pink: TLRDQ
IndustryRetail
Founded1973 (as Men’s Wearhouse)
FounderGeorge Zimmer
Headquarters,
U.S.
Number of locations
1,450 (Feb. 2020) [1]
Area served
United States
Canada
Key people
Bob Hull and Peter Sachse (interim co-CEOs)[2]
ProductsMen’s clothing, footwear, tuxedo rentals and suit pressing
RevenueDecrease US$ 2.881 billion (2019) [1]
Decrease US$ 97.84 million (2019)[1]
Decrease US$−82.28 million (2019)[1]
Total assetsIncrease US$ 2.419 billion (2019)[1]
Total equityDecrease US$−98.31 million (2019)[1]
Number of employees
19,300 (Feb. 2020)[1][2]
SubsidiariesJoS. A. Bank Clothiers
Men’s Wearhouse
Moores
K&G Fashion Superstore
Websitewww.tailoredbrands.com

Men’s Wearhouse – Leading Men’s Wear Retailer in the US

Men’s Wearhouse is a men’s wear retailer in the US, having corporate offices in Westchase of Houston, Texas, and exclusive offices located in Fremont, California. The company is traded publicly on New York Stock Exchange and founded in 1973 by George Zimmer. The company operates under K&G Superstores (off-price clothing chain offering discontinued products), Men’s Wearhouse, Twin Hill Corporate, Moores Clothing for Men (Canadian men’s clothing chain), MW Cleaners (Houston) and Jos A., Bank. It bought Kupperheimer in 1997, which later liquidated and bankrupt. Men’s Wearhouse targets middle-income group, with well displayed clothes designed to meet the needs of unpretentious guy looking to maintain his wardrobe, according to Business Week.

Current Market Value

It seems like Men’s Wearhouse Real estate is starting to unravel after 18 months of acquiring Jos. A Bank Clothiers Inc, its rival, the apparel retail chain is managing to show that it can survive. Its bonds and shares have plunged as investors are questioning the ability of the company to reverse the decline in sales at the division of Jos. A. Bank. To boost up Jos. A. Bank turnaround, Men’s Warehouse has partnered with Alix Partners, a consulting firm, to determine better steps, including job cuts. They have to do a lot of work.

According to a finance manager, Margie Patel, Wells Capital Management, Boston, which manages $351 billion, Men’s Wearhouse is an apparel retailer that faces weak sales and huge competition when middle-income and low income groups had no potential for their income growth.

When looking at bright side, Men’s Warehouse is currently growing with up to 6.7% increase in sales last quarter, according to Bloomberg. The sagging stock price could attract buyer, according to a Barclay’s analyst, Holden. With over $739 million of market valuation, Men’s Warehouse has seen decline in debt which was trading for up to 104 cents on dollar just around a month ago, which has pushed the yield to around 16%. Men’s Warehouse also added that it is not going to pay its debt down this quarter beyond the scheduled payment of whopping $1.75 million on term loan.

 

The History and Origin

The Men’s Wearhouse Properties operate under Men’s Wearhouse & Tux, Men’s Wearhouse, Moores Clothing for Men (a men’s clothing chain in Canada), K&G Superstores (off-price clothing chain offering discontinued items), MW Cleaners in Austin and Houston areas, Twin Hill Corporate clothing and Jos. A. Bank. It owned Kuppenheimer chain in 1997 that was later liquidated and bankrupted.

Men’s Wearhouse owned After Hours Formalwear; a clothier specializes in offering black tie formalwear, on November 2006, from Macy’s parent company, Federated Departmental Stores. When Hours Formalwear was rebranded as MW Tux, it has been rolled up under the brand, Men’s Wearhouse. In Men’s Wearhouse Investment property, the formalwear group specializes in offering tuxedo rentals for guys and men to prepare for black tie events.

In August 2010, it bought the assets and business of Alexandra Plc, which was under administration, as well as Dimensions Corporate wear to enhance its reach across Europe. Men’s Wearhouse became a leading United Football League sponsor in 2009 and kept on sponsoring in 2010. The company has 15261 employees, since February 2013.

Men’s Wearhouse got acquisition offer of $2.4 billion in October 2013 from Jos. A. Bank. It countered with its own offer, which sparked the takeover battle of 5 months between the two leading menswear chains. After rejection of counteroffer, Men’s Wearhouse has announced to increase cash bid if Jos. A. Bank introduced limited fiscal details and got into negotiations. In order to dilute its shares and got too large to buy Men’s Wearhouse corporate, Jos. A. Bank agreed to own the outdoor clothing giant, Eddie Bauer.

Men’s Wearhouse Ground Lease Property or Men’s Wearhouse NNN Property for Sale:

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