FREMONT, Calif.–(BUSINESS WIRE)–
Tailored Brands, Inc. (NYSE: TLRD) today announced that Dinesh Lathi has
been appointed President and Chief Executive Officer and Theo Killion
has been appointed Chairman of the Board of Directors, both effective
immediately.

Mr. Lathi has served as Chairman of Tailored Brands since March 2017,
Executive Chairman since August 2018, and has been a member of the
Tailored Brands board of directors since March 2016. Mr. Killion has
served as Lead Independent Director since August 2018 and joined the
Company’s board of directors in June 2017.

“Following a robust and thorough search process, the board is pleased to
appoint Dinesh as President and CEO of Tailored Brands,” said Mr.
Killion. “Dinesh has demonstrated a deep commitment to building and
leading a customer-obsessed company that empowers our talented employees
with technology, data, and the creative resources needed to exceed
customer expectations and position Tailored Brands for long-term
sustainable growth.”

“After spending extensive time with our employees in the communities we
serve across all of our operations, and getting a better understanding
of how we can rapidly evolve our business to meet our customers’ needs
and wants, I am excited to assume the role of President and CEO,” said
Mr. Lathi. “Our goal is to be the trusted partner to our customers who
want to look and feel their best for moments that matter. To deliver on
this promise, we are aligned around three core growth strategies:
personalized products and services, seamless and inspiring experiences
in and across every channel, and brands that stand for more than just
price. I look forward to sharing an update on our progress during our
first quarter results conference call in June.”

“We are pleased to appoint Theo as Chairman,” said Tailored Brands’
Nominating and Corporate Governance Committee Chairperson Irene Chang
Britt. “During his tenure as CEO of Zale Corporation, Theo led a
turnaround effort, which included growing shareholder value by $850
million and delivering 14 quarters of positive comparable store sales.
Theo’s extensive merchandising and retail experience provides a strong
complement to Dinesh’s deep e-commerce and digital background, and this
combination will prove invaluable as we set Tailored Brands on a course
for growth.”

“I am honored to be appointed to the role of Chairman. I have tremendous
confidence in our board, our executive leadership team and our ability
to deliver value to our shareholders,” said Mr. Killion.

About Dinesh Lathi

Mr. Lathi was elected to the Tailored Brands Board of Directors in March
2016 and was appointed Non-Executive Chairman in March 2017 and
Executive Chairman in August 2018. He is also a member of the Five
Below, Inc. Board of Directors. Mr. Lathi was the Chief Executive
Officer of One Kings Lane, Inc. from April 2014 until June 2016. Prior
to One Kings Lane, Mr. Lathi spent seven years in various senior
executive roles at eBay, Inc and eight years in investment banking and
private equity.

About Theo Killion

Mr. Killion has served on the Tailored Brands Board of Directors since
June 2017, as Compensation Committee Chair and as a member of the
Nominating and Governance Committee. Since August 2018, he has served as
Lead Independent Director. Mr. Killion also serves on the board of
Claire’s Stores, Inc. and non-profit A Better Chance. He previously
served on the boards of Express Inc. where he was a member of the
Compensation Committee and Nominating and Governance Committee, and
Libbey, Inc. where he served on the Audit Committee and Compensation
Committee. Mr. Killion was the Chief Executive Officer of Zale
Corporation from 2010 to 2014 and has over 40 years of experience in
operating roles at such iconic retailers as Tommy Hilfiger, Limited
Brands, The Home Shopping Network and Macy’s.

About Tailored Brands, Inc.

As the leading specialty retailer of men’s tailored clothing and largest
men’s formalwear provider in the U.S. and Canada, Tailored Brands helps
men love the way they look for work and special occasions. We serve our
customers through an expansive omni-channel network that includes over
1,400 stores in the U.S. and Canada as well as our branded e-commerce
websites. Our brands include Men’s Wearhouse, Jos. A. Bank, Joseph
Abboud, Moores Clothing for Men and K&G. We also operate an
international corporate apparel and workwear group consisting of
Dimensions, Alexandra and Yaffy in the United Kingdom and Twin Hill in
the United States.

For additional information on Tailored Brands, please visit the
Company’s websites at www.tailoredbrands.com,
www.menswearhouse.com,
www.josbank.com,
www.josephabboud.com,
www.mooresclothing.com,
www.kgstores.com,
www.dimensions.co.uk,
www.alexandra.co.ukand www.twinhill.com.

This press release contains forward-looking information, including the
Company’s statements regarding its ability to exceed customer
expectations and position Tailored Brands for long-term sustainable
growth, and to deliver value for our shareholders. In addition, words
such as “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: actions or inactions
by governmental entities; domestic and international macro-economic
conditions; inflation or deflation; the loss of, or changes in, key
personnel; success, or lack thereof, in formulating or executing our
internal strategies and operating plans including new store and new
market expansion plans; cost reduction initiatives and revenue
enhancement strategies; changes in demand for clothing or rental
product; market trends in the retail business; customer confidence and
spending patterns; changes in traffic trends in our stores; customer
acceptance of our merchandise strategies, including custom clothing;
performance issues with key suppliers; disruptions in our supply chain;
severe weather; foreign currency fluctuations; government export and
import policies; advertising or marketing activities of competitors; the
impact of cybersecurity threats or data breaches; legal proceedings; and
the impact of climate change.

Forward-looking statements are intended to convey the Company’s
expectations about the future, and speak only as of the date they are
made. We undertake no obligation to publicly update or revise any
forward-looking statements that may be made from time to time, whether
as a result of new information, future developments or otherwise, except
as required by applicable law. However, any further disclosures made on
related subjects in our subsequent reports on Forms 10-K, 10-Q and 8-K
should be consulted. This discussion is provided as permitted by the
Private Securities Litigation Reform Act of 1995, and all written or
oral forward-looking statements that are made by or attributable to us
are expressly qualified in their entirety by the cautionary statements
contained or referenced in this section.

Investor Relations:
(281) 776-7575
[email protected]

Julie
MacMedan, VP, Investor Relations
Tailored Brands, Inc.

Source: Tailored Brands, Inc.