Zimmer: K&G division generated $400 million across 100 stores
George Zimmer · Men's Wearhouse: George Zimmer (2019) · Aug 29, 2022 · at 41:46
George Zimmer, founder and former executive chairman of Men's Wearhouse, discusses the scale of the company's K&G division during board disputes over whether to sell it.
0:00 / 0:22exact quote · 22.6s
720p mp4 · rendered on demand · StarZero watermark
“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.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from George Zimmer
Zimmer: Successor Doug Ewert was not qualified to run Men's Wearhouse
“Look, I know I told you that Doug would be a good replacement, but after a couple of years, I was wrong. He's not qualified to run the company”
Zimmer: Men's Wearhouse stole Macy's tuxedo rental deal during legal review
“My team and I were in New York in Terry Lundgren's office, the CEO of Macy's, making a deal to be the... Tuxedo. Tuxedo rental, and we had the deal. It went to legal review, and while it was in legal review, Men's Warehouse stole it.”
Zimmer admits CEO replacement Doug Ewer was unqualified to lead company
“Look, I know I told you that Doug would be a good replacement, but after a couple of years, I was wrong. He's not qualified to run the company”
Men's Wearhouse intercepted Generation Tux's exclusive rental deal with Macy's
“My team and I were in New York in Terry Lundgren's office, the CEO of Macy's, making a deal to be the... Tuxedo, rental, and we had the deal. It went to legal review, and while it was in legal review, men's warehouse stole it.”