American retailer Tailored Brands appoints John Tighe as new CEO

Mr. Sachse was first appointed to the Board in March of 2021, led the Company’s transformation as co-CEO alongside Bob Hull beginning in 2021 and was named sole CEO in February 2024.

Reflecting on Mr. Sachse’s leadership, the Board shared, “Peter has been central to Tailored Brands’ turnaround and the Board could not be more pleased with the results over the past four and a half years. Peter and the leadership team have reimagined all four of the Company’s banners, completely changed the merchandising and marketing strategies, drove operational efficiencies, and developed a culture of accountability while delivering three of the best profit years in recent Company history. His focus on people and culture is paramount to our success and we will continue to benefit from his efforts for many years to come.”

Mr. Tighe joined Tailored Brands in May 2021 as Executive Vice President and Chief Customer Officer and became President in March 2022. He will now take on the role of CEO at a time when the Company is poised for growth.

Mr. Sachse stated, “The hallmark of a strong and resilient organization is a well-developed succession plan, and John’s promotion highlights the thoughtful, holistic talent strategy Tailored Brands has established. Over the past four years, John has been instrumental in our Company’s ability to anticipate market shifts and evolve with our customers as he architected nuanced merchandising, planning, marketing, and value-driven pricing strategies. There is no doubt he is the right successor at the right time, and I’m excited to see Tailored Brands continue to thrive under his leadership.”

Mr. Tighe shared, “I’m honored to lead this talented organization to deliver on our Company’s purpose and value proposition. I look forward to Peter’s continued mentorship as he takes on his new role and want to thank the Board, Peter and the entire leadership team for their support and confidence. I’m grateful to work alongside such a talented and passionate leadership team as well as the more than 14,000 team members who wake up every day to put our customers at the center of every decision. We wouldn’t be where we are today without their tireless dedication, and I look forward to unlocking the potential of all our banners as a team."

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ALCHEMPro News Desk (RM)