K&G
other on 1 show · 0 statements across 0 episodes
6 statements about K&G, every show
Zimmer: No buyer has offered half of my $90M bid for K&G
“To this day, they still can't find anybody that would offer them Half of what I was going to pay them.”
Zimmer: Men's Wearhouse blocked K&G sale over four-year non-solicit demand
“Well, at first, they wouldn't sell it to me at all. Then they said, alright, If you give us a four year non-solicitation. And I said, what do you mean by that? And they said, you can't hire our employees for four years. And I said, are you kidding? I'll give y…”
Zimmer: K&G helped Men's Wearhouse raise gross margin by 1,000 bps
“Men's warehouse stores were able to raise the gross profit percentage by a full 10%, which is a thousand basis points over a decade, because K&G was protecting our opening price point position.”
Zimmer: K&G division generated $400 million across 100 stores
“We owned a division called K&G, and K&G did four hundred million. We had a hundred stores, and it was a super store in the sense that it was 25,000 feet, and it was men's and women's, and the price points were below men's warehouse.”
Zimmer offered $90 million to buy back K&G after his firing
“Because after I was fired, The first thing I tried to do was buy K&G from Men's... For ninety million dollars.”
Flanker brand K&G enabled Men's Wearhouse to raise gross margins 10%
“K&G provides a unique opportunity for an offensive and defensive strategy, and they didn't quite understand what that meant, and so what it means is men's warehouse stores were able to raise the gross profit percentage of By a full 10%, which is a thousand bas…”