HOUSTON, Nov. 19, 2025 /PRNewswire/ -- Tailored Brands, Inc. (the "Company") announced today organizational changes that strengthen its position for continued growth.

Mike Baughn will join the Company as its new Executive Vice President, Chief Financial Officer (CFO), effective December 1, 2025. Mr. Baughn brings almost 20 years of retail financial experience, most recently with Foot Locker, Inc. where he served as CFO. In that role, he was instrumental in leading the multi-national retailer, including through its successful combination with Dick's Sporting Goods. He previously spent 15 years in multiple roles at Kohl's Corporation across FP&A, Sales Analysis, Business Unit Finance and Treasury, completing his time there as Executive Vice President, Finance & Corporate Treasurer.

On joining the Company, Mr. Baughn said, "I am thrilled about joining Tailored Brands at such an exciting time for the Company. The fundamentals are incredibly strong, and these amazing brands are positioned well for long-term growth."  Adding, "Throughout the process of getting to know the Company and its leaders, it was clear that its values are deeply ingrained in how the team operates and I am ready to become a part of this dynamic organization and its forward momentum."

The Company is also announcing the elevation of Karla Gray to Executive Vice President, Chief Operating Officer (COO). Ms. Gray joined Tailored Brands in May 2021 as Executive Vice President, Chief Stores Officer. Prior to joining Tailored Brands, she served as VP and GM of North American Factory Stores at Nike. As COO, Ms. Gray will continue to lead the Stores organization, Real Estate and our Customer Contact Center, now adding the Company's Supply Chain and Technology functions.

Ms. Gray shared, "This is an exciting time for the Company, and I couldn't be happier to be partnering more closely with the leaders of these functions.  Being 'Better Every Day' is one of our core values and I believe we have tremendous opportunity to build on what is an incredibly strong foundation as we move into a new era of efficiency and growth."

Reflecting on these changes, CEO John Tighe remarked, "As our Company looks to the future, our ability to perform with financial and operational rigor will be critical to our success. In Mike we have found someone who not only brings an extraordinary background to be our next CFO, but who is a strong reflection of our Company's values." Mr. Tighe went on to say, "And as Karla steps into the role of COO, I am confident she will bring a next level of operational excellence across the enterprise as we open new stores and propel our strategic growth plans."

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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SOURCE Tailored Shared Services, LLC