Men's Wearhouse To Launch New Holding Company, Tailored Brands Inc.

Men's Wearhouse Inc. said it will launch a new publicly- trading holding company starting Jan. 31, Tailored Brands Inc. Men's Wearhouse shareholders will become shareholders of Tailored Brands on a one-for-one basis. The holding company will replace Men's Wearhouse as the publicly-held company starting Feb. 1, trading under the symbol "TLRD." Company directors and executive officers won't change. Fourth-quarter earnings will be announced on Feb. 16. Men's Wearhouse shares are inactive in premarket trading, but down 72.2% for the last 12 months. The S&P is down 6.3% for the past year.