Mens Wearhouse's (MW) Zimmer Asked Board to Study 'Going Private' Deal
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Open Letter From George Zimmer to The Men’s Wearhouse Family
FREMONT, Calif.--(BUSINESS WIRE)-- George Zimmer, founder and former executive chairman of The Mens Wearhouse, today published an open letter to The Mens Wearhouse family. The content of that letter is below.
From George Zimmer
June 26, 2013
Since 1973 when I opened the first The Mens Wearhouse store in Houston, with the help of tens of thousands of current and former employees, we have built a multi-billion dollar company based on two guiding principles. The first is to serve customers by delivering value and an enjoyable shopping experience and the second is to embody the values of servant leadership by trusting and empowering our employees to create that experience. I believed that if we did these things right, customers would be satisfied, employees would feel appreciated and motivated and shareholder value would be created. And, in fact, all this has happened.
Over the years, as CEO, I consistently encouraged the company to take a longer term approach of investing most of our profits back in the company, delivering value to our customers and building a... More
