U.S. Men's Clothing Chain Bankrupt, Plans NASDAQ Listing

Taylor's Brands, a U.S. men's apparel chain that previously filed for bankruptcy, is proceeding with an IPO. The company submitted IPO documents to the SEC, with subsidiaries including Men's Wearhouse and Jos. A. Bank. Despite higher revenue than the previous year, profits declined. After exiting bankruptcy in late 2020 and reducing debt by $1.3 billion, Silver Point Capital now dominates the company. Other consumer goods firms are also pursuing IPOs despite economic headwinds.