Men's Wearhouse fires founder George Zimmer
Fremont, Calif. -- Men’s Wearhouse announced Wednesday that it has fired its founder and executive chairman George Zimmer; no reason was given for the sudden move.
Zimmer, who has long been the marketing face for the company – with his “You’re going to like the way you look; I guarantee it” slogan – apparently will have little to no ongoing dealings with the retailer. In its released statement, Men’s Wearhouse said the board expects to discuss with Zimmer the extent, if any, and terms of "his ongoing relationship" with the company.
As part of its Wednesday announcement, Men’s Wearhouse said it will postpone its previously scheduled June 19 annual meeting so that it can re-nominate the existing slate of directors without Zimmer. The new meeting date has not yet been set.
Men’s Wearhouse operates namesake stores in addition to the Moores and K&G banners.