Menswear company Tailored Brands announced on Thursday the appointment of Julie Rosen and Lewis Bird III to its board of directors, effective March of 2025.

The Houston-based company that Rosen and Bird collectively bring nearly seven decades of retail and business experience to the company, as it charts its next phase of growth.

Rosen boast three decades of experience, and has held leadership roles at specialty retail brands, including The Gap, Ann, and Bath & Body Works. Over the past eight years, she has served in the role of president with overall P&L responsibility for multiple companies, bringing extensive experience in business strategy, brand development and operational leadership.

Likewise, Bird’s career spans more than 35 years. He most recently served as chairman and chief executive officer for At Home Group., a home decor retailer. Prior to At Home, he served as managing director/consumer practice leader of The Gores Group, a private equity firm; group president of Nike affiliates for Nike Inc.; chief operating officer of Gap; and chief financial officer of Old Navy.

Coinciding with the appointments, Bob Hull will departs as executive chairman of the board, Sean Mahoney, Tailored Brands board member and chair of the nominating and governance committee, succeeding him as chairman, effective May 3.

“The addition of Julie and Lee underscores Tailored Brands’ continued momentum and focus on the future, and I am confident their combined talent and expertise will help inform strategies to accelerate revenue growth and profitability,” said Hull.

“The board has never been stronger, and with Sean taking on an expanded role as chairman, I am confident we have the right combination of institutional expertise and fresh thinking to chart the path forward. I look forward to watching all this team continues to achieve as I transition away from this great company.”

​Tailored Brands is a specialty retailer of menswear, including suits, formalwear and a broad selection of business casual offerings. Its portfolio includes Men’s Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore.

Canadian department store retailer Hudson’s Bay Company said on Friday it has failed to secure sufficient financing to go ahead with a restructuring transaction under the Companies’ Creditors Arrangement Act. 

​The Toronto-based company said it has only secured limited debtor-in-possession financing that will require the full liquidation of the entire business, added that a store-by-store liquidation process will begin as soon as next week.

Hudson’s Bay said it hopes that key stakeholders, particularly its landlord partners, would explore with it an alternative restructuring path that could preserve jobs and tenancy in retail locations, and, keep the long-standing retailer operational.

“Our team has worked incredibly hard to identify a viable path forward, and our resolve is strengthened by the overwhelming support from customers and associates who have shared heartfelt stories about Hudson’s Bay and what our stores have meant to them, their families, and their communities across the generations,” said Liz Rodbell, president and chief executive officer of Hudson’s Bay.

“These powerful experiences remind us why we must continue to pursue every possible opportunity to secure the necessary support from key landlords and other stakeholders to save The Bay.”

​During the liquidation process, Hudson’s Bay and its licensed Canadian Saks Fifth Avenue and Saks Off 5th stores will remain open in store, and, for a limited time, online.

The closures come less than one week after the department store retailer said it had filed for creditor protection with a ​Ontario Superior Court of Justice, and revealed plans to restructure and strengthen its business.