Men’s Wearhouse has created a new holding company, but it remains to be seen if the move will make investors forget about the retailer’s steady stock decline and profit losses in the wake of purchasing Jos. A. Bank in 2014.
The company is now trading as Tailored Brands (NYSE: TLRD). Under the new structure, Men’s Wearhouse’s shareholders have moved to the holding company, retaining the same number of shares and ownership percentage in Tailored Brands.