On the Record · Tailored Brands
Tailored Brands acquisitions, on the record
The businesses Tailored Brands bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
MW Cleaners businessWord for word“On February 28, 2018, we entered into a definitive agreement to divest our MW Cleaners business for approximately $18.0 million, subject to certain adjustments, and the transaction closed on March 3, 2018.” 10-K for 2018 | divestiture | March 3, 2018 | approximately $18.0 million |
immaterial acquisition by our UK based operationsWord for word“The goodwill of acquired business resulted from an immaterial acquisition by our UK based operations.” 10-K for 2018 | acquisition | — | — |
MW CleanersWord for word“On March 3, 2018, we divested MW Cleaners for approximately $18.0 million.” 10-K for 2019 | divestiture | March 3, 2018 | approximately $18.0 million |
MWUK Limited, the UK corporate apparel operations conducted by Dimensions, Alexandra, and YaffyWord for word“On August 16, 2019, we completed the sale of MWUK Limited, our UK corporate apparel operations conducted by Dimensions, Alexandra, and Yaffy to Project Dart Bidco Limited, pursuant to a Share Purchase Agreement entered into on that same date.” 10-K for 2020 | divestiture | August 16, 2019 | — |
Twin Hill Acquisition Company, Inc.Word for word“In addition, we also completed the sale of Twin Hill Acquisition Company, Inc. (“Twin Hill”), to TH Holding Company, pursuant to a Stock Purchase Agreement entered into on August 16, 2019.” 10-K for 2020 | divestiture | — | — |
Joseph Abboud trademarksWord for word“These actions included: 1) the sale of our corporate apparel business with the proceeds used to repurchase approximately $55 million of our senior notes, 2) suspension of our quarterly cash dividend, which will make available approximately $36.5 million of cash on an annualized basis and 3) an agreement to sell the Joseph Abboud trademarks for $115 million, which closed on March 4, 2020.” 10-K for 2020 | agreed divestiture | March 4, 2020 | $115 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2018-02-03 | $457,000 | — | $695,000 |
| 2019-02-02 | — | $17.8 million | — |
| 2020-02-01 | — | $45 million | — |
Deal filings since 2016
- 2020-08-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-03-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-01-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-08-22 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-10-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-04-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-10-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Tailored Brands’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2020-04-08. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.