Men's Wearhouse: Here's Why George Zimmer Had to Go

Former Men's Wearhouse Chairman Zimmer Photograph by Justin Sullivan/Getty Images

George Zimmer wasn’t sacked because he’s out-of-step with twentysomething shoppers—he apparently wanted to regain control of Men’s Wearhouse and take it private. Nearly a week after the retailer fired Zimmer, the company’s board has issued a statement that suggests the founder was simply unable to step back and let Men’s Wearhouse Chief Executive Officer Doug Ewert and his board run the company. Zimmer, 64, also was pushing for the company to sell itself and go private—which no other director considered wise—and wanted the board to re-install him as the boss.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.