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Tailored Brands Adopts Short-Term Shareholder Rights Plan

FREMONT, Calif.--(BUSINESS WIRE)--Tailored Brands, Inc. (NYSE: TLRD) announced today that its board of directors (the “Board”) adopted a short-term shareholder rights plan (the “Rights Plan”) to protect the best interests of all Tailored Brands shareholders. In adopting the Rights Plan, the Board has taken note of the substantial impact of the COVID-19 pandemic on market activity and increased volume and volatility in the trading of the Company’s stock.