Tom Tailor
{{Short description|German clothing company}}
{{Infobox company
| name = Tom Tailor Holding SE
| logo = TT LOGO RZ 65mm RGB Blau.svg
| type = Societas Europaea
| hq_location_city = Hamburg
| hq_location_country = Germany
| num_locations = 577 (2024)
| area_served = Worldwide
| key_people = Dr Gernot Lenz (CEO)
Dr Junyang "Jenny" Shao (chairman of the supervisory board)
| industry = Fashion
| products = Clothing
Accessories
Footwear
| revenue = €843.8 million (2018){{cite web | title = Annual Report 2018 Tom Tailor Group| date = October 2019| url = https://ir.tom-tailor-group.com/download/companies/tomtailor/Annual%20Reports/DE000A0STST2-JA-2018-EQ-E-01.pdf| access-date = 26 June 2020 }}
| num_employees = 6,158 (2018)
| parent = Tom Tailor Holding AG
| foundation = 1962
| founders = {{Unbulleted list|Uwe Schroeder|Hans-Henrich Pünjer}}
| homepage = [http://www.tom-tailor.com/ tom-tailor.com]|
}}
Tom Tailor (TT){{cite web |url=https://company.tom-tailor.com/unternehmen/marke |url-status=dead |archive-url=https://web.archive.org/web/20210509231812/https://company.tom-tailor.com/unternehmen/marke |archive-date=2021-05-09 |title=Marke - TOM TAILOR}} is a German vertically integrated lifestyle fashion company{{cite web |url=http://www.tom-tailor.com/index.php?page=41&lang=en |title=About Us |publisher= Tom Tailor |access-date=9 March 2010}} headquartered in Hamburg. The range includes clothing and accessories for men and women of all ages in the middle to upper price segment.
In 2024, the company had 577 retail stores worldwide in 23 countries in Europe.{{Cite web|title=Facts & Figures - TOM TAILOR|url=https://company.tom-tailor.com/unternehmen/facts-figures|access-date=2024-03-04|website=tom-tailor.com|language=de}}
History
Tom Tailor was founded in 1962 in Hamburg as Henke & Co.{{cite web |url=http://www.tom-tailor.com/index.php?page=History&lang=English |title=History |publisher= Tom Tailor |access-date=9 March 2010}} and received its present name in 1989.{{cite book | last = Kommes| first = Werner| title = Handbuch Jahresabschlussprüfung| publisher = Springer Gabler| date = 2015| url = https://books.google.com/books?id=6fiWBQAAQBAJ&pg=PA899| isbn = 9783658071042}} Tom Tailor clothes are usually priced in the middle{{Cite news|last=Hoffmann|first=Jürgen|date=2019-02-14|title=Textilunternehmen: "Das Profil von Tom Tailor ist ausgefranst"|language=de|work=DIE WELT|url=https://www.welt.de/regionales/hamburg/article188791855/Textilunternehmen-Das-Profil-von-Tom-Tailor-ist-ausgefranst.html|access-date=2021-12-26}}{{Cite web|last=Weishaupt|first=Georg|date=2020-04-01|title=Zerrieben zwischen billig und teuer – Der Modeindustrie bricht die Mitte weg|url=https://app.handelsblatt.com/meinung/kommentare/kommentar-zerrieben-zwischen-billig-und-teuer-der-modeindustrie-bricht-die-mitte-weg/25701314.html|access-date=2021-12-26|website=app.handelsblatt.com|language=de}} to upper{{Cite web|date=2013-03-19|title=Tom Tailor im Wachstumsrausch|url=https://fashionunited.de/v1/leads/tom-tailor-im-wachstumsrausch/201303193246|access-date=2021-12-26|website=FashionUnited|language=de}} price range. The company's core markets are Germany, Austria, Switzerland, the Benelux countries and France.{{cite web |url= http://www.tom-tailor.com/index.php?page=52&lang=en&loopid=106&from=1 |title= TOM TAILOR intends to go public |date=1 March 2010 |publisher=Tom Tailor |access-date=9 March 2010}}
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. In fiscal year 2011, the Tom Tailor Group had approximately 1,541 employees and it generated sales of €411.6 million. It was the best fiscal year in their corporate history.
The company chairman of the board and CEO is Dieter Holzer.{{cite web |url=http://www.tom-tailor.com/index.php?page=Management&lang=English |title=Management |publisher=Tom Tailor |access-date=9 March 2010}} The group's parent company Tom Tailor Holding AG initially planned to raise up to €190 million during their IPO and made their Initial public offering on 26 March 2010{{Cite web|url=http://ir.tom-tailor-group.com/websites/tomtailor/English/2600/ipo.html|title=Tom Tailor Brand Website|website=ir.tom-tailor-group.com|access-date=2017-02-02}} with bookrunners Commerzbank and J.P. Morgan & Co. The company is listed in the Prime Standard of the Frankfurt Stock Exchange.
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.{{Cite web|url=https://fashionunited.uk/news/business/tom-tailor-agrees-to-new-financial-structure-with-banks-and-fosun/2019101045695|title=Tom Tailor agrees to new financial structure with banks and Fosun|last=Singh|first=Prachi|date=2019-10-10|website=fashionunited.uk|language=en-gb|access-date=2020-03-11}}
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. The first sportswear collection was launched in 1979 and the first jeans wear collection and first store abroad appeared in 1996. Tom Tailor's women's label was founded in 1999 and the Tom Tailor E-Shop opened in 2006. In the next year young fashion collections Tom Tailor Denim for men and women were launched. The current brands are:
- Tom Tailor – Men, women and kids
- Tom Tailor – Denim male and denim female
- Bonita – women
References
{{Reflist}}
External links
- [http://www.tom-tailor.com/ Official website] {{in lang|de}}
{{Authority control}}
Category:Clothing brands of Germany
Category:Clothing companies of Germany
Category:Clothing retailers of Germany
Category:Multinational companies headquartered in Germany
Category:Companies based in Hamburg
Category:Clothing companies established in 1962
Category:1962 establishments in West Germany
Category:Companies formerly listed on the Frankfurt Stock Exchange