Neiman Marcus CFO to head up finance at Tailored Brands
A 15-year veteran of the Neiman Marcus Group has joined the C-suite at Tailored Brands.
The parent company of Men's Wearhouse, Jos. A. Bank and other brands appointed Brandy Richardson as CFO, effective November 8. She will serve on the menswear retailer’s executive committee and have responsibility for enterprise analytics, strategy, real estate, risk management and loss prevention, as well as all aspects of the finance organization.
Richardson recently served as the executive VP and CFO at Neiman Marcus Group, playing a key role in the luxury department store company’s Chapter 11 restructuring and in refinancing its exit debt facilities. Across her 15-year tenure with the company, she served in roles of increasing leadership and responsibility.
Prior to joining Neiman Marcus, Richardson held internal business and consulting roles with Cardinal Health, a medical equipment manufacturer, and Ernst & Young LLP.
Richardson’s appointment is the latest in a series of executives appointments at Tailored Brands under the leadership of board members Bob Hull and Peter Sachse, who have been serving as interim co-CEOs of the company since March 2021 following the departure of Dinesh Lathi. In May, the company expanded its management team with veterans from J.C. Penney, Nike and Lowe’s. And in June, the retailer appointed 16-year Kohl’s veteran Scott Vifquain as executive VP and chief technology officer.
“Brandy joins us at a time when we are well-positioned to accelerate our business strategies, delivering for our customers and positioning each of our brands—and the teams that support them—for long-term success,” said Bob Hull, interim co-CEO of Tailored Brands. “Brandy brings a wealth of knowledge and experience in managing a portfolio of companies, increasing liquidity, improving capital allocation and driving value creation.”
[Read More: Kohl’s vet takes top tech post at Men’s Wearhouse parent company]
Tailored Brands operates stores under several banners, including Men's Wearhouse, Jos. A. Bank, Moores Clothing and K&G Fashion Superstore.