Conyers acted for the Joint Provisional Liquidators of a Cayman-domiciled purchasing entity as part of the multi-billion dollar Tailored Brands Inc. Chapter 11 restructuring. Tailored Brands is the parent company of leading menswear retailers Men’s Wearhouse, Jos. A. Bank and Moores Clothing. As a result of the successful reorganisation, Tailored Brands now emerges from the parallel US Chapter 11 and Cayman Provisional Liquidation processes with a significantly bolstered financial position with US$686 million of debt eliminated from its balance sheet and the support of its new owners. The Company expects that this exit financing will support ongoing operations and enable the Tailored Brands Group to execute on its strategic initiatives.
The Conyers team was led by Jonathon Milne and included attorneys Sarah McLennan, Alex Davies and Philippa Gilkes. The Conyers team worked alongside Kalo Advisors, Alix Partners and Kirkland & Ellis.