Tom Tailor

Tom Tailor is a German vertically integrated lifestyle clothing company[2] headquartered in Hamburg.

Tom Tailor Holding SE
Aktiengesellschaft
Traded asFWB: TTI
ISINDE000A0STST2 
IndustryFashion
Founded1962
FounderLos Angeles 
HeadquartersHamburg, Germany
Area served
Worldwide
Key people
Dr Gernot Lenz (CEO), Dr Junyang (Jenny) Shao (Chairman of the supervisory board)
ProductsClothing
Accessories
Footwear
RevenueEUR 843.8 million (2018)[1]
Number of employees
6,158 (2018)[1]
Websitetom-tailor.com

History

Tom Tailor was founded in 1962 in Hamburg as Henke & Co.[3] and received its present name in 1989.[4] Tom Tailor clothes are usually priced in the medium price range. The company's core markets are Germany, Austria, Switzerland, the Benelux countries and France.[5] As of 31 December 2011, Tom Tailor products were sold in 248 own retail stores, the Tom Tailor E-Shop (Germany, Austria and Netherlands), 155 franchise stores and 1,786 shop-in-shops in 35 countries around the world.[2] In fiscal year 2011, the Tom Tailor Group had approximately 1,541 employees and it generated sales of 411.6 million euros.[2] It was the best fiscal year in their corporate history.[3]

The company chairman of the board and CEO is Dieter Holzer.[6] The group's parent company Tom Tailor Holding AG initially planned to raise up to EUR 190 million during their IPO and made their Initial public offering on 26 March 2010 [7] with bookrunners Commerzbank and J.P. Morgan & Co. The company is listed in the Prime Standard of the Frankfurt Stock Exchange.[5]

In October 2019, Tom Tailor reached an agreement with consortium banks and its majority shareholder on developing a new financial structure until the end of September 2022. The new agreement is valued at a total of 365 million euros.[8]

Brands

Tom Tailor mainly provides classic and up-to-date casual wear and accessories for men, women, young adults and children. For each of its four brands, Tom Tailor Group launches twelve collections per year.[2] First sportswear collection was launched in 1979. First jeans wear collection and first store abroad appeared in 1996. Women's label was founded in 1999. Tom Tailor E-Shop opened in 2006. Next year young fashion collections Tom Tailor Denim Male and Denim Female were launched.[3] The current brands are:

  • Tom Tailor - Men, Women and Kids
  • Tom Tailor - Denim Male and Denim Female
  • Bonita - Women

References

  1. "Annual Report 2018 Tom Tailor Group" (PDF). October 2019. Retrieved 26 June 2020.
  2. "About Us". Tom Tailor. Retrieved 9 March 2010.
  3. "History". Tom Tailor. Retrieved 9 March 2010.
  4. Kommes, Werner (2015). Handbuch Jahresabschlussprüfung. Springer Gabler.
  5. "TOM TAILOR intends to go public". Tom Tailor. 1 March 2010. Retrieved 9 March 2010.
  6. "Management". Tom Tailor. Retrieved 9 March 2010.
  7. "Tom Tailor Brand Website". ir.tom-tailor-group.com. Retrieved 2017-02-02.
  8. Singh, Prachi (2019-10-10). "Tom Tailor agrees to new financial structure with banks and Fosun". fashionunited.uk. Retrieved 2020-03-11.
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