Men’s Wearhouse Fires Founder George Zimmer

mens-wearhouseFREEMONT, Calif. — Men’s Wearhouse Inc. said Wednesday it was removing founder George Zimmer as executive chairman, without offering a reason for the dismissal.

The chain, which Zimmer launched in 1973, also said it was postponing its annual shareholders meeting from Wednesday so it could renominate its board of directors without Zimmer.

The company said it expected to discuss “the extent, if any, and terms of his ongoing relationship with the company.”

Men’s Wearhouse has 1,143 stores as well as a business making corporate clothing and uniforms in the U.S. and Britain.

Zimmer was known for starring in television commercials, marketing Men’s Wearhouse suits with the catchphrase: “You’re going to love the way you look. I guarantee it.”

Click here to read more on LATimes.com.

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