Interviews
News Flash
Jos A Bank terminates early tuxedo contract with Jim's
04 Sep '14
1 min read
The Men's Wearhouse terminated early an agreement between its subsidiary, Jos. A. Bank and Jim's Formal Wear.
Men's Wearhouse said it will record a one-time charge of $4.5 million in third fiscal quarter 2014, in connection with early termination of this contract, which becomes effective from December 31, 2014.
Jim's Formal Wear had a contract to supply tuxedo rental inventory to Jos. A. Bank.
“However, beginning January 1, 2015, Men’s Wearhouse will be leveraging its own internal tuxedo rental inventory and logistics to serve the Jos. A. Bank tuxedo operations”, Men's Wearhouse CEO - Doug Ewert said.
Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 1,766 stores. (AR)
Men's Wearhouse said it will record a one-time charge of $4.5 million in third fiscal quarter 2014, in connection with early termination of this contract, which becomes effective from December 31, 2014.
Jim's Formal Wear had a contract to supply tuxedo rental inventory to Jos. A. Bank.
“However, beginning January 1, 2015, Men’s Wearhouse will be leveraging its own internal tuxedo rental inventory and logistics to serve the Jos. A. Bank tuxedo operations”, Men's Wearhouse CEO - Doug Ewert said.
Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 1,766 stores. (AR)
Fibre2fashion News Desk - India
Popular News
Leave your Comments
Editor’s Pick
Andreas Rass
ZIMMER AUSTRIA | Digital Printing Systems
Yohan Lawrence
Joint Apparel Association Forum (JAAFSL)
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
