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Tailored Brands finalizes 15-million-dollar sale of Joseph Abboud

Less than two months after first announcing its sale of its Joseph Abboud brand, Tailored Brands has closed the sale of the label to WHP Global, for a price of 115 million dollars. Tailored Brands will use the proceeds from the sale for debt repayment, strengthening its balance sheet and investing in consumer-facing transformations strategies....

5 Mar 2020