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Men's Wearhouse owner reportedly considers Chapter 11 bankruptcy filing

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Posted at 8:11 AM, Jun 10, 2020
and last updated 2020-06-10 11:11:01-04

Tailored Brands Inc., which operates Men's Wearhouse apparel stores and other brands, is considering ways to rework its debts of more than $1 billion, which could include a Chapter 11 bankruptcy filing, Bloomberg reports.

People with knowledge of the matter told Bloomberg that plans were still in the early stages and could change if the company receives alternative forms of financing.

The company and its advisers have reached out to interested parties, Bloomberg's sources said.

Bloomberg reports that law firm Kirkland & Ellis and investment bank PJT Partners Inc. are advising Tailored Brands, while law firm Gibson Dunn and investment bank Houlihan Lokey Inc. are advising a group of lenders.

Read more from the Phoenix Business Journal.