NEW YORK — Men’s Wearhouse Inc. has dismissed its founder and executive chairman, George Zimmer.
In a terse release issued Wednesday, the company didn’t give a reason for the abrupt firing of Zimmer, who built Men’s Wearhouse from one small Texas store using a cigar box as a cash register to one of the nation’s largest specialty retailers in men’s clothing, with 1,143 locations.
In light of Zimmer’s termination, the company postponed its annual shareholders’ meeting scheduled for Wednesday. It said the purpose of the postponement is to re-nominate the existing slate of directors without him. It said the board expects to discuss with Zimmer the extent, if any, and terms of “his ongoing relationship” with the company
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