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George Zimmer, the American businessman, has been known among essential entrepreneurs.
George founded Men's Wearhouse. His venture is an apparel retailer in the United States and Canada with 1200 branches.
Men's Wearhouse and K&G Superstores brands went under Moores, and George became Former Executive Chairman and Former CEO of the company. George was kept as company spokesperson until June 2013. After resigning, he founded Generation Tux and became the company's president. His project is an online tuxedo and suits rental platform. He also formed a unisex network of tailors nationwide and named it zTailors.
Being a business tycoon, everyone has an interest in knowing the earnings, assets, or spending habits of George Zimmer. He has secured a net worth of $200 million.
Most of George's income comes from his business ventures and million dollars investments, but how much he gets paid annually has not been mentioned anywhere in the media.
George Zimmer is 6 ft (183 cm) tall.
George Zimmer belongs from New York City, USA. He was born on November 21, 1948, making him 73 years old.
George Zimmer seems to have a Jewish ancestry in New York City.
George went to a school in Scarsdale for his primary education. Later he attended Washington University in St. Louis with a bachelor's degree in economics in 1970. During his university period, he became a part of the phi chapter of Sigma Alpha Mu. After graduation, for a certain period, he was a substitute teacher and later joined a clothing manufacturing business with his father. Later he moved to Hong Kong and Dallas to work as a purchasing agent and salesman.
George Zimmer and Lorri Zimmer are married with four children. The family seems to live in Oakland, California. Any further personal life details of him have not been mentioned anywhere.
Robert Elkin Zimmer, George's father's first business venture was a manufacturing company Royalad Apparel and it had been expanded to Zimco Industries. Later in 1973, the father-son duo co-founded The Men's Wearhouse in Houston, Texas. The same year George Zimmer with some of his college friends opened their first store of The Men's Wearhouse.
As a co-founder of The Mens Wearhouse, George Zimmer made many appearances in his own company's TV commercial with the slogan, 'You're going to like the way you look. I guarantee it.'
As of May 9, 2013, George Zimmer had the company's approximately 3.5 percent stake, which concludes 1.8 million shares of Men's Wearhouse stock. The day he was laid off, Zimmer's holdings values had reached up to $67.45 million. In February 2013 the company generated $2.48 billion in sales. His own colleagues turned their back on him and replaced his CEO role with Doug Ewert. On June 19, 2013, the board of the company got rid of George Zimmer for unspecified reasons and they did not bother to provide an explanation.
The press report said Zimmer's severance was declined by the company and they may pull a discussion in the future. Later George Zimmer himself came into the limelight to give some insight regarding Zimmer's termination. He said that he put his everything to build this several million-dollar companies and things were going great but suddenly some board member wanted to silence his concerns with termination. On June 25, 2013, to public pressure, the company responded that George Zimmer wanted full control of the company and he was reluctant to go by those considerable efforts the board had made, and that left them with no choice but to terminate him.
George Zimmer's mother died because of cancer and that made him support cancer patients. He made considerable donations to support cancer research into the therapeutic use of MDMA. In 2010 he contributed $170,500 to California Proposition 19 to support the legalization process of Cannabis.
Mays Business School had nominated George Zimmer for the Kupfer award.
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