Men’s Wearhouse Ousts Founder, Pitchman

Source:  Susanna Kim / ABC News

Retailer Men’s Wearhouse [NYSE: MW] announced that it “terminated” founder and executive chairman George Zimmer, best known to consumers for his hundreds of TV commercials pitching suits.

The company said that “in light of Mr. Zimmer’s termination,” it is postponing its annual shareholders’ meeting which had been scheduled for 11 a.m. today in California.

The company, based in Fremont, Calif., was founded in 1973 by Zimmer. It is one of the country’s largest specialty men’s retailers with 1,143 stores across the country. The company operates Moores and K&G Stores in addition to its namesake stores.

Zimmer’s famous tagline was, “You’re going to like the way you look. I guarantee it.”

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