Men's Wearhouse: Zimmer wanted to regain control
Last Updated: 170 days ago
NEW YORK - Men's Wearhouse is shedding some light on why it parted ways with founder George Zimmer.
The men's clothing retailer says that Zimmer seemed to have difficulty "accepting the fact that Men's Wearhouse is a public company with an independent board of directors and that he has not been the chief executive officer for two years."
Men's Wearhouse fired Zimmer from his executive chairman role last week. The 64-year-old Zimmer was the face of the company, appearing in TV commercials reciting the slogan, "You're going to like the way you look. I guarantee it."
The retailer says Zimmer, who owns 3 ½ percent of the company's stock, advocated for "significant changes that would enable him to regain control." The company maintains it was left with no choice but to fire him.
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