TAILORED BRANDS ANNOUNCES NEW BOARD LEADERSHIP

HOUSTON, March 13, 2025 /PRNewswire/ -- Tailored Brands, Inc. (the "Company"), a leading omnichannel specialty retailer of menswear, today announced the appointment of Julie B. Rosen and Lewis L. (Lee) Bird III as members of its Board of Directors, effective March of 2025. Collectively, Ms. Rosen and Mr. Bird bring nearly seven decades of retail and business experience to the Company as it charts its next phase of growth.

Separately, Mr. Bob Hull is stepping away from his role as Executive Chairman of the Board. As part of its succession plan, Mr. Sean Mahoney, Tailored Brands Board Member and Chair of the Nominating and Governance Committee, will succeed him as Chairman, effective May 3, 2025.

Ms. Rosen's career spans more than three decades, during which she has held leadership roles at some of the most recognizable specialty retail brands, including The Gap, Inc., Ann Inc., and Bath & Body Works, Inc. Over the past eight years, she has served in the role of President with overall P&L responsibility for multiple companies, bringing extensive experience in business strategy, brand development and operational leadership that unlocked value for their stakeholders. Ms. Rosen's deep expertise will play a critical role in shaping merchandising strategy, brand partnerships and broader business initiatives.

Mr. Bird's career spans more than 35 years. He most recently served as Chairman and Chief Executive Officer for At Home Group Inc., an industry-leading home decor retailer. Prior to At Home, Mr. Bird served as Managing Director/Consumer Practice Leader of The Gores Group, a global private equity firm, Group President of Nike Affiliates for Nike Inc., Chief Operating Officer of Gap, and Chief Financial Officer of Old Navy.

"The addition of Julie and Lee underscores Tailored Brands' continued momentum and focus on the future, and I am confident their combined talent and expertise will help inform strategies to accelerate revenue growth and profitability," said Mr. Hull. "The Board has never been stronger, and with Sean taking on an expanded role as Chairman, I am confident we have the right combination of institutional expertise and fresh thinking to chart the path forward. I look forward to watching all this team continues to achieve as I transition away from this great Company."

Mr. Mahoney shared, "Over the past four years, Bob has been a high-impact leader and collaborator – and our Board is grateful for his important contributions to our Company's strategy, operational excellence and culture. I look forward to working closely with our current and new directors—as well as our incredible Tailored Brands team—in this next chapter as we continue to expand and elevate the ways we help our customers look and feel their best."

Mr. Peter Sachse, Chief Executive Officer of Tailored Brands, added, "The Company wouldn't have realized such a successful transformation over the past four years or be positioned as well for future success without Bob's contributions on the Board, and as Co-CEO of the Company. I want to thank him for his partnership and leadership. On behalf of our entire team, we wish him all the best as he embarks on his next chapter and thank him for his commitment to ensuring a smooth transition to this new era of Board leadership."

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; 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; performance issues with key suppliers; government export and import policies, including the enactment of, or changes in, duties or tariffs; disruptions in our supply chain; trade relations; severe weather; regional or national 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 regulatory or legal proceedings.

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SOURCE Tailored Brands