Tom Tailor

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

Tom Tailor Holding SE
TypeAktiengesellschaft
FWB: TTI
IndustryFashion
Founded1962
Founders
  • Uwe Schroeder
  • Hans-Henrich Pünjer
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]
ParentTom Tailor Holding AG
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. ISBN 9783658071042.
  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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