Ousted Men's Warehouse Founder Fights Back

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    NEWSLETTERS

    TK
    AP
    (Photo from 1999) Men's Wearhouse Inc. says it has dismissed Zimmer, its founder and executive chairman. In a terse release issued Wednesday, June 19, 2013, 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.

    George Zimmer, the ousted founder and executive chairman of Men's Wearhouse, says Wednesday he was dismissed after he and the company's board disagreed about how it should look.

    In a statement released to CNBC following his termination, Zimmer says he expressed concerns to the board over the company's direction and that the board "inappropriately has chosen to silence my concerns," by firing him.

    The AP could not immediately reach Zimmer for comment.

    In a release issued early Wednesday, Men's Wearhouse declined to say the reason for Zimmer's dismissal. The firing came the day the company had scheduled its annual shareholders meeting, which it postponed.

    Zimmer has for decades been the public face of the company, known for commercials saying, "You're going to like the way you look. I guarantee it."

    At the time of this writing, shares of Men's Warehouse were down about 1.57 percent.