Men’s Warehouse files for bankruptcy

Suit retailer Men’s Warehouse filed for bankruptcy Sunday, the New York Post reports.

The retailer’s parent company, Tailored Brands, filed for Chapter 11 protection in Houston after reaching a deal with its lenders. The deal allows for the company to keep 1,400 Men’s Warehouse stores open as it works to reduce its debt by $630 million.

In July, Tailored Brands announced it planned to close 500 stores and reduce its corporate workforce by 20%.

There are 12 Men’s Warehouse stores in Missouri. The retailer’s plans for stores in the state have not been disclosed.

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