Men's Wearhouse Inc. (MW) announced Wednesday morning that its Board of Directors has terminated George Zimmer from his position as Executive Chairman. The Company also announced that it is postponing its Annual Meeting of Shareholders, to re-nominate the existing slate of directors without Mr. Zimmer.
Men's Wearhouse gapped open sharply lower this morning and is now down 1.28 at $36.19. The stock has fallen to a 1-week low.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.