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Tailored Brands CEO to step down

Dive Brief: Tailored Brands CEO and President Dinesh Lathi is stepping down from his post, effective March 26, the menswear retailer said in a press release. After Tailored Brands exit from bankruptcy in December and the recent securing of new emergency financing, Lathi and the board mutually agreed that this is the right time to re-evaluate the skills and experiences needed in the CEO role as the Company prepares for its next chapter of growth and success, the retailer said. Tailored Brands board members Bob Hull and Peter Sachse are set to serve as interim co-CEOs while the board searches for a permanent chief.

Toys R Us sold again to firm promising expansion | Daily Express Online

Published on: Wednesday, March 17, 2021 By: AFP Text Size: Toys R Us has yet another new majority owner, WHP Global, which aims to reopen brick and mortar stores. NEW YORK: Iconic American toy store Toys “R” Us is changing hands once again, this time going to an investment firm that promises to expand the chain that once dominated the market. Leading brand acquisition and management company WHP Global announced on Monday it had taken control of the troubled business known for its Geoffrey the Giraffe mascot and backwards “R” in the name. The deal comes two years after the retailer along with the Babies “R” Us toy and clothing store was acquired in a liquidation sale by Tru Kids Inc, which New York-based WHP said it had taken a controling interest in.

Brand Firm Takes Controlling Stake In Toys R Us Parent

Brand Firm Takes Controlling Stake In Toys R Us Parent NEW YORK (AP) A New York-based brand management firm that already owns Anne Klein and Joseph Abboud is taking a controlling stake in the parent company of the iconic Toys R Us and Babies R Us brands. Yehuda Shmidman, co-founder, chairman and CEO at WHP Global, declined to offer the terms of the financial agreement in the deal with Tru Kids Inc., which closed on Friday. Tru Kids was formed in January 2019 when it acquired Toys R Us’ intellectual property during its liquidation in 2018. Shmidman has been a vice chairman of Tru Kids since early 2019.

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