CORAL SPRINGS, FL - Another national retailer with a Coral Springs address has filed for bankruptcy: Men’s Wearhouse on North University Drive.

Tailored Brands, the parent company of Men's Wearhouse and Jos. A. Bank, has filed for Chapter 11 bankruptcy protection as part of a restructuring plan.

It’s the result of a rise in debt and a drop in demand for office attire attributed to the pandemic, as millions of office employees are now working from home in more casual clothing.

Sign Up for Coral Springs Newsletter
Our newsletter delivers the local news that you can trust.

Stores will continue operating, but Tailored Brands has said it plans to close about a third of its stores and cut 20 percent of corporate positions.

Men's Wearhouse and Jos. A. Bank are the latest bankruptcies in retails, joining J.C. Penney, Neiman Marcus, Lord & Taylor and many others.

"The unprecedented impact of COVID-19 requires us to further adapt and evolve," Tailored Brands CEO Dinesh Lathi said in a statement announcing the bankruptcy late on Sunday. "Reaching an agreement with our lenders represents a critical milestone toward our goal of becoming a stronger Company that has the financial and operational flexibility to compete and win in the rapidly evolving retail environment."


Follow us on Facebook and Twitter and sign up for FREE TAPinto Coral Springs E-News alerts to be the first to read about all things Coral Springs.

Download the FREE TAPinto App. Click here for Android - Click here for iOS for breaking news, traffic/weather alerts, and special offers.

Know a story we should share with our readers? Email editor Leon Fooksman ( and tell him about it.