George Zimmer

The man who inadvertently lit the fuse that led to the hottest takeover battle in years was left unmentioned in the announcement of a $1.8 billion merger of two once-warring men's suits chains. Despite repeated inquiries from reporters, George Zimmer, the genial, bearded founder of Men's Wearhouse, has been almost entirely absent from public view during six months of bids, counter bids, lawsuits and invective that were furiously lobbed back and forth by his former company and Jos. A. Bank Clothiers. Ending the hostilities, Men's Wearhouse agreed on Tuesday to buy its rival for $65 a share in cash.

Houston -- Mens Wearhouse estranged founder George Zimmer is noticeably absent from the chain’s latest commercial, which launched in print and broadcast on July 8. According to a Reuters...

Men's Wearhouse founder George Zimmer fired back Thursday at claims that his "obstinate" desire to control the company led to his ouster last week. In an open letter, Zimmer said the company's directors unanimously nominated him for re-election to the board in May, but then "abruptly fired" him and postponed the annual stockholder meeting so they could nominate a new board "that excluded me."


The board of directors of Men's Wearhouse today provided further comments regarding the termination of George Zimmer as executive chairman on June 19. The board stated: "Our actions were not taken to hurt George Zimmer.  Rather we were focused on what we believed to be in the best interests of Men's Wearhouse, as well as shareholders and employees. While Mr. Zimmer owns 3 ½ percent of the stock, it is our obligation to represent the interests of all shareholders."

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