Tailored Brands Announces Leadership Change
Peter Sachse, current Tailored Brands Chief Executive Officer and forthcoming Executive Chairman, stated, 'Since joining us in 2021, Brandy has contributed to our successful business and financial transformation. With a strong foundation in place, I'm confident that with our talented leadership and finance teams we are well-positioned to execute our future growth plans and build on our momentum. I appreciate Brandy's partnership and leadership over the years and wish her continued success in her next chapter.'
About Tailored Brands, Inc.
Tailored Brands is a leading omnichannel specialty retailer of menswear, including suits, formalwear and a broad selection of business casual offerings. We help our customers love the way they look and feel by delivering personalized products and services through our convenient network of stores and e-commerce sites. Our brands include Men's Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore.
For additional information on Tailored Brands, please visit the Company's websites at www.tailoredbrands.com, www.menswearhouse.com, www.josbank.com, www.mooresclothing.ca, and www.kgstores.com.
Forward-Looking Statements
This press release contains forward-looking information, including the Company's statements regarding its strengthened business and growth outlook and the Company's ability to execute on its strategic initiatives. In addition, words such as 'will,' 'expects,' 'anticipates,' 'envisions,' 'targets,' 'goals,' 'projects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' 'guidance,' 'may,' 'projections,' and 'business outlook,' variations of such words and similar expressions are intended to identify such forward-looking statements. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements that we make herein are not guarantees of future performance and actual results may differ materially from those in such forward-looking statements as a result of various factors. Factors that might cause or contribute to such differences include, but are not limited to: risks related to the effectiveness of the restructuring and strategic activities completed during and subsequent to the Company's Chapter 11 process and any additional strategies that the Company may employ to address its business including its liquidity and capital resources; risks and uncertainties related to government export and import policies, such as the impact of international trade disputes and the risks associated with potential changes to international trade agreements, including the imposition or threat of imposition of new or increased tariffs or retaliatory tariffs implemented by other countries as well as the imposition of additional duties on the products we import; the Company's ability to attract, motivate and retain key personnel and effectively manage succession; success, or lack thereof, in formulating or executing our internal strategies and operating plans; cost reduction initiatives and revenue enhancement strategies; changes in demand for our retail clothing or rental products, including changes in apparel trends and changing consumer preferences; market trends in the retail or rental business; customer confidence and spending patterns; changes in traffic trends in our stores and in customer preferences in the omnichannel experience; customer acceptance of our merchandise strategies, including custom clothing and polished casual attire, and other initiatives; disruptions in our supply chain; performance issues and other changes with key suppliers; severe weather; regional, national or global civil unrest or acts of civil disobedience; public health crises, including COVID-19; foreign currency fluctuations; advertising or marketing activities of competitors; the impact of climate change, cybersecurity threats or data breaches; and the impact of legislation, tax, regulatory or legal proceedings.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
8 hours ago
- Miami Herald
GameSquare Regains Compliance with Nasdaq's Minimum Bid Price Requirement
FRISCO, TX / ACCESS Newswire / July 25, 2025 / GameSquare Holdings, Inc. (NASDAQ:GAME) today announced that it received formal written confirmation from The Nasdaq Stock Market, LLC ("Nasdaq") confirming that the Company has regained compliance with Nasdaq's minimum bid price requirement. To regain compliance with the Minimum Bid Price Requirement, the Company's common shares were required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days. The closing bid price of the shares has been at $1.00 per share or greater for 10 consecutive business days from July 8 to July 21, 2025. Accordingly, Nasdaq Listing Qualifications Staff has notified the Company that it has determined that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), and the matter is now closed. About GameSquare Holdings, Inc. GameSquare (NASDAQ: GAME) is a cutting-edge media, entertainment, and technology company transforming how brands and publishers connect with Gen Z, Gen Alpha, and Millennial audiences. With a platform that spans award-winning creative services, advanced analytics, and FaZe Clan, one of the most iconic gaming organizations, we operate one of the largest gaming media networks in North America. Complementing our operating strategy, GameSquare operates a blockchain-native Ethereum treasury management program designed to generate onchain yield and enhance capital efficiency, reinforcing our commitment to building a dynamic, high-performing media company at the intersection of culture, technology, and next-generation financial innovation. To learn more, visit Forward-Looking Statements: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the Company's future performance, revenue, growth and profitability; and the Company's ability to execute on its current and future business plans. These forward-looking statements are provided only to provide information currently available to us and are not intended to serve as and must not be relied on by any investor as, a guarantee, assurance or definitive statement of fact or probability. Forward-looking statements are necessarily based upon a number of estimates and assumptions which include, but are not limited to: the Company's ability to grow its business and being able to execute on its business plans, the success of Company's vendors and partners in their provision of services to the Company, the Company being able to recognize and capitalize on opportunities and the Company continuing to attract qualified personnel to supports its development requirements. These assumptions, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the Company's ability to achieve its objectives, the Company successfully executing its growth strategy, the ability of the Company to obtain future financings or complete offerings on acceptable terms, failure to leverage the Company's portfolio across entertainment and media platforms, dependence on the Company's key personnel and general business, economic, competitive, political and social uncertainties. These risk factors are not intended to represent a complete list of the factors that could affect the Company which are discussed in the Company's most recent MD&A. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. GameSquare assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. GameSquare Corporate Contact Lou Schwartz, PresidentPhone: (216) 464-6400Email: ir@ GameSquare Investor Relations Andrew BergerPhone: (216) 464-6400Email: ir@ GameSquare Media Relations Chelsey Northern / The UntoldPhone: (254) 855-4028Email: pr@ SOURCE: GameSquare Holdings, Inc.
Miami Herald
8 hours ago
- Miami Herald
Mexican restaurants, chains hit hard by Chapter 11 bankruptcy
Just because your family makes brisket and ribs that people rave over does not mean your restaurant will succeed. While owning a restaurant comes with its own list of problems, working with family brings its own challenges. But, family businesses make up a massive portion of the Unites States workforce. These businesses are a critical part of the economy, but they face significant survival struggles. "From local shops to Fortune 500 companies, family-owned enterprises drive most of the country's economic activity and employment. This makes their success crucial for overall economic health," Business Initiative reported. The numbers are truly impressive: Family-owned businesses account for 87% of all business tax returns in the U.S., with 32.4 million family businessesFamily firms contribute 54% of private sector GDP ($7.7 trillion) and employ 59% of the private-sector workforce And family-owned business actually have a fairly decent chance of success. "The average life span of a family-owned business is 24 years About 40% of U.S. family-owned businesses transition into a second-generation businesses, approximately 13% are passed down successfully to a third generation, while 3% survive to a fourth or beyond," according to data reported by Cornell's SC Johnson School of Business. Restaurants, however, don't have the same track record. Related: Iconic casual restaurant chain faces 'woke' customer controversy "A study by two economists at UC Berkeley found that 17% of independently owned full-service restaurant startups failed in their first year. A similar study published in Cornell Hospitality Quarterly found that up to 26% of independent restaurants failed in their first year of operation," a report from Oregon State shared. Running a restaurant has never been easy, and current market conditions, which include rising rents and labor costs, keep claiming local favorites that had significant followings. Burnt, LLC, operating as Burnt BBQ & Tacos, a restaurant business based in Plano, Texas, specializing in BBQ and taco offerings, has filed for Chapter 11 Subchapter V bankruptcy protection in the Northern District of Texas. The filing on July 23, 2025, showed that the restaurant had assets of less than $50,000 and liabilities between $100,001-$500,000. Burnt BBQ & Tacos operates from its principal location at 2929 Custer Road in Plano and has elected to proceed as a small business debtor. Court documents show the business has fewer than 50 creditors, and the debtor reports that after administrative expenses are paid, no funds will be available for distribution to unsecured creditors. "Founded in 2020, Burnt BBQ & Tacos is one incredible BBQ joint changing the way you look at BBQ and tacos one dish at a time. We are undeniably authentic, true to flavor, and irresistibly damn good. We take pride in our ability to bring the most unique flavors to BBQ and share them with Plano and surrounding areas," the company shared on its website. More Bankruptcy: Popular pizza dining chain franchisee files Chapter 11 bankruptcyMajor trucking operation files Chapter 11 bankruptcyLas Vegas casino owner files for Chapter 11 bankruptcy Burnt BBQ & Tacos has not shared a funding plan or made it clear whether it plans on continuing to operate. It currently is taking pickup and delivery orders on its website. The Mexican and BBQ restaurant's social media has not acknowledged the Chapter 11 filing. Its most-recent post touted one of its rubs that can be purchased online. "Ready to take your taste buds on a refreshing journey? Our Citrus Rub is here to brighten up your BBQ experience with its zesty, tangy flavors. Perfectly seasoned and absolutely irresistible, it's a must-try for anyone who loves a little citrus twist in their meal. Swing by Burnt BBQ & Tacos and treat yourself today," it shared on Facebook. Cascabel Mexican Patio (San Antonio, TX): Closed after 22 years on July 22, 2025, due to economic strain, construction disruptions, and parking (West Hollywood, CA): Upscale Mexican steakhouse closed July 21, 2025, under a year after opening in Sept. Noche (Portland, OR): Small‑plates Pacific Northwest-style Mexican opened in 2022; permanently closed in May 2025 as part of República & Co. Bartola (Toronto, Canada): Vegan plant‑based Mexican dining operated from June 2020 until closing March 15, Mexican Cuisine (Dallas & Richardson, TX): Both locations closed May 18, 2025, after 20 years, due to lease Tacos (Arts District, Los Angeles): Pioneering Mexican concept by Wes Avila closed January 31, 2025, after 13 Lupita Mexican Eatery (Richmond, CA): Permanently closed as confirmed in July 2025 report. AJ's Pit Bar‑B‑Q (Denver, CO): Michelin‑recognized, closed in February 2025 after staff walk‑out and PPP fraud Toro BBQ (Mansfield, TX): Central Texas‑style BBQ fusion spot, closed June 23, 2025, as part of group closures by Local Favorite Grub BBQ (Houston, TX): Closed May 12, 2025; owner cited health issues, military‑related, after operating since Bones Bar & Fire Grill (Roanoke, VA): Valley View Mall location closed July 6, 2025; part of broader closures across the chain. Up to 30 Smokey Bones restaurants are either closing or converting to Twin Peaks restaurants in 2025. Related: Popular pizza and beer chain files for Chapter 11 bankruptcy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
8 hours ago
- Miami Herald
32.5 Million Engines Later, Honda's Ohio Plant Turns 40
Honda is celebrating 40 years of engine production at its Anna Engine Plant in Ohio. What started as a modest motorcycle engine facility in the mid-80s has grown into the company's largest engine plant in the world. As Honda shifts toward hybrid and electric power, shown by models like the new hybrid Prelude, the Anna plant is evolving to keep pace with the future of mobility. Since opening its doors in 1985, the Anna Engine Plant has built over 32.5 million engines. That includes everything from basic four-cylinders for the Civic to high-output V6s found in Acura performance cars and SUVs. Back then, it was a 200,000 square-foot facility with fewer than 100 workers. Today, it covers 2.8 million square feet and supports nearly 3,000 employees. The plant currently produces a wide range of four-cylinder and V6 engines, including turbocharged and hybrid variants. It also makes essential components like cylinder heads, camshafts, crankshafts, and the precision pulleys used in Honda's CVTs. Engines from Anna have powered some of Honda's most iconic vehicles. The plant builds the 190-hp 1.5-liter turbo used in the Civic, Accord, CR-V, and Acura Integra, as well as the 315-hp 2.0-liter turbo found in the Civic Type R and Integra Type S. It even produced the 500-hp 3.5-liter twin-turbo V6 that lived in the second-generation Acura NSX supercar. But Anna's output isn't all about performance. It's also behind the hybrid engines that help fuel-efficient models like the Accord and CR-V deliver impressive fuel economy. It's clear as day that the Anna Engine Plant has played a huge role in shaping Honda and Acura's lineup across North America. While gas and hybrid engines are still a major focus, Anna is already preparing for Honda's next chapter. The plant has started producing aluminum battery cases for upcoming EVs, using cutting-edge processes like megacasting, Minimum Quantity Lubrication machining, and friction stir welding. These battery cases will be shipped to the Marysville Auto Plant, where they'll be paired with battery modules to power the next generation of Honda and Acura electric vehicles, including the Honda Prologue. Full EV production is set to begin in Ohio in 2026. With four decades of experience and a clear role in Honda's future, the Anna Engine Plant continues to be a key part of the company's evolution. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
