George Zimmer, Men’s Wearhouse Founder, Fired By His Company
George Zimmer, founder and executive chairman of Men’s Wearhouse, was abruptly fired earlier this week.
Men’s Wearhouse, a well-known men’s specialty store, made the announcement Wednesday morning that Zimmer, 64, had been let go, but gave no reason as to why. Zimmer, however, refused to keep quiet. “Over the last 40 years, I have built The Men's Wearhouse into a multi-billion dollar company with amazing employees and loyal customers who value the products and service they receive at The Men's Wearhouse," Zimmer said. "Over the past several months I have expressed my concerns to the Board about the direction the company is currently heading. Instead of fostering the kind of dialogue in the Boardroom that has, in part, contributed to our success, the Board has inappropriately chosen to silence my concerns by terminating me as an executive officer."
In addition to being the company’s founder, Zimmer is also known as the pitchman from the company’s commercials. In the ads, he is featured saying the company’s well-known slogan: “You’re going to like the way you look. I guarantee it.”
Some analysts have suggested that Zimmer was fired because he didn’t appeal to the younger demographics the company was trying to target. Others have speculated that Zimmer had plans to take on a smaller role at the company, but had trouble letting go of the reins. Nothing has been confirmed, however.
Men’s Wearhouse sells men’s dress apparel – from dress shoes, to tuxedos and suits. They also offer services such as renting out tuxedos and pressing suits.
Zimmer founded the company in 1973 with a friend in Houston, Tex. They started out so small that when they opened, they used a cigar box as a cash register. There are now more than 1,000 stores nationwide. In addition to Men’s Wearhouse, the company also owns Moores and K&G.
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