Tailored Brands Appoints New Chief Executive Officer

Tailored Brands, Inc. (the “Company”) today announced that John Tighe will become its new chief executive officer (CEO) and will join the Board of Directors, effective August 5, 2025. Peter Sachse will transition from his current role as CEO to become executive chairman of the Company’s Board.

Mr. Sachse was first appointed to the Board in March of 2021, led the Company’s transformation as co-CEO alongside Bob Hull beginning in 2021 and was named sole CEO in February 2024.

Reflecting on Mr. Sachse’s leadership, the Board shared, “Peter has been central to Tailored Brands’ turnaround and the Board could not be more pleased with the results over the past four and a half years. Peter and the leadership team have reimagined all four of the Company’s banners, completely changed the merchandising and marketing strategies, drove operational efficiencies, and developed a culture of accountability while delivering three of the best profit years in recent Company history. His focus on people and culture is paramount to our success and we will continue to benefit from his efforts for many years to come.”

Mr. Tighe joined Tailored Brands in May 2021 as Executive Vice President and Chief Customer Officer and became President in March 2022. He will now take on the role of CEO at a time when the Company is poised for growth.

Mr. Sachse stated, “The hallmark of a strong and resilient organization is a well-developed succession plan, and John’s promotion highlights the thoughtful, holistic talent strategy Tailored Brands has established. Over the past four years, John has been instrumental in our Company’s ability to anticipate market shifts and evolve with our customers as he architected nuanced merchandising, planning, marketing, and value-driven pricing strategies. There is no doubt he is the right successor at the right time, and I’m excited to see Tailored Brands continue to thrive under his leadership.”

Mr. Tighe shared, “I’m honored to lead this talented organization to deliver on our Company’s purpose and value proposition. I look forward to Peter’s continued mentorship as he takes on his new role and want to thank the Board, Peter and the entire leadership team for their support and confidence. I’m grateful to work alongside such a talented and passionate leadership team as well as the more than 14,000 team members who wake up every day to put our customers at the center of every decision. We wouldn’t be where we are today without their tireless dedication, and I look forward to unlocking the potential of all our banners as a team."

About Tailored Brands, Inc.
Tailored Brands is a leading omnichannel specialty retailer of menswear, including suits, formalwear and a broad selection of business casual offerings. We help our customers love the way they look and feel by delivering personalized products and services through our convenient network of stores and e-commerce sites. Our brands include Men's Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore.

For additional information on Tailored Brands, please visit the Company’s websites at www.tailoredbrands.com, www.menswearhouse.com, www.josbank.com, www.mooresclothing.ca, and www.kgstores.com.

Forward-Looking Statements
This press release contains forward-looking information, including the Company’s statements regarding its strengthened business and growth outlook and the Company’s ability to execute on its strategic initiatives. In addition, words such as “will,” “expects,” “anticipates,” “envisions,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “guidance,” “may,” “projections,” and “business outlook,” variations of such words and similar expressions are intended to identify such forward-looking statements. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements that we make herein are not guarantees of future performance and actual results may differ materially from those in such forward-looking statements as a result of various factors. Factors that might cause or contribute to such differences include, but are not limited to: risks related to the effectiveness of the restructuring and strategic activities completed during and subsequent to the Company’s Chapter 11 process and any additional strategies that the Company may employ to address its business including its liquidity and capital resources; risks and uncertainties related to government export and import policies, such as the impact of international trade disputes and the risks associated with potential changes to international trade agreements, including the imposition or threat of imposition of new or increased tariffs or retaliatory tariffs implemented by other countries as well as the imposition of additional duties on the products we import; the Company’s ability to attract, motivate and retain key personnel and effectively manage succession; success, or lack thereof, in formulating or executing our internal strategies and operating plans; cost reduction initiatives and revenue enhancement strategies; changes in demand for our retail clothing or rental products, including changes in apparel trends and changing consumer preferences; market trends in the retail or rental business; customer confidence and spending patterns; changes in traffic trends in our stores and in customer preferences in the omnichannel experience; customer acceptance of our merchandise strategies, including custom clothing and polished casual attire, and other initiatives; disruptions in our supply chain; performance issues and other changes with key suppliers; severe weather; regional, national or global civil unrest or acts of civil disobedience; public health crises, including COVID-19; foreign currency fluctuations; advertising or marketing activities of competitors; the impact of climate change, cybersecurity threats or data breaches; and the impact of legislation, tax, regulatory or legal proceedings.

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