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Men's Wearhouse parent emerges from bankruptcy

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Men's Wearhouse parent company Tailored Brands emerged from Chapter 11 bankruptcy.

During the financial restructuring process, the fashion retailer eliminated some $686 million in debt.

In July, the company announced plans to close as many as 500 stores and lay off 20% of its workforce in response to the COVID-19 pandemic.

Read more from Reuters.

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