Men's Wearhouse/Jos A. Bank/K&G Brands parent Tailored Brands warns of bankruptcy
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Tailored Brands warned of bankruptcy in a filing on Wednesday:
“If the effects of the Covid-19 pandemic are protracted and we are unable to increase liquidity and/or effectively address our debt position, we may be forced to scale back or terminate operations and/or seek protection under applicable bankruptcy laws,” the filing said. The company said it had no comment beyond the filing.
https://www.cnn.com/2020/06/14/investing/mens-wearhouse-bankruptcy-threat/index.html
