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Tailored Brands Closes the Sale of the Joseph Abboud Trademarks to WHP Global for $115 Million

FREMONT, Calif.--(BUSINESS WIRE)--Tailored Brands, Inc. (NYSE: TLRD) today announced that it has closed the sale of the Joseph Abboud trademarks to WHP Global for $115 million. In conjunction with this transaction, Tailored Brands entered into a licensing agreement with WHP for the exclusive rights to sell and rent Joseph Abboud branded apparel and related merchandise in the U.S. and Canada.