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North American men's apparel retailer to close Canadian facility
04 Mar '08
1 min read
The Men's Wearhouse announced that it is closing its manufacturing facility (dba: Golden Brand) based in Montreal, Quebec on or around July 2008.
"This was a very difficult decision for us to make and one that we did not take lightly," stated George Zimmer, Founder, Chairman and CEO of Men's Wearhouse. "We could no longer swim against the tide of the strengthening Canadian dollar and the increasing pace of imports by our competitors.
In order to remain competitive the past 3 years, we have had to reduce our production in Canada by about 50%. We will assist our employees as best we can to transition to other employment."
Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 1,273 stores. The stores carry a full selection of designer, brand name and private label suits, sport coats, furnishings and accessories, including tuxedo rentals available in the Men's Wearhouse, Moores, and MW Tux stores. None of the Company's 116 Moores stores in Canada will be impacted by this closure.
"This was a very difficult decision for us to make and one that we did not take lightly," stated George Zimmer, Founder, Chairman and CEO of Men's Wearhouse. "We could no longer swim against the tide of the strengthening Canadian dollar and the increasing pace of imports by our competitors.
In order to remain competitive the past 3 years, we have had to reduce our production in Canada by about 50%. We will assist our employees as best we can to transition to other employment."
Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 1,273 stores. The stores carry a full selection of designer, brand name and private label suits, sport coats, furnishings and accessories, including tuxedo rentals available in the Men's Wearhouse, Moores, and MW Tux stores. None of the Company's 116 Moores stores in Canada will be impacted by this closure.
Men's Wearhouse
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