Tom Tailor
Encyclopedia
Tom Tailor Group is a German vertically integrated lifestyle clothing company. It was founded in 1962 in Hamburg. Tom Tailor mainly provides classic and up-to-date casual wear and accessories for men, women, young adults and children. Tom Tailor clothes are usually priced in the medium price range. The company's core markets are Germany, Austria, Switzerland, the Benelux countries and France.
As of 31 December 2009 Tom Tailor products were sold in 87 own retail stores, the Tom Tailor E-Shop (Germany, Austria and Netherlands), 201 franchise stores and 1,108 shop-in-shops in 35 countries around the world. In fiscal year 2009 Tom Tailor Group had approximately 730 employees and it generated sales of 300 million euros. It was the best fiscal year in their corporate history.
The company chairman of the board and chief executive officer (CEO) is Dieter Holzer.
The group's parent company Tom Tailor Holding AG plans to list in the Prime Standard
of the Frankfurt Stock Exchange
in first half of 2010. The company is preparing its initial public offering
(IPO). JPMorgan Chase and Commerzbank
have been mandated as its joint global coordinators and bookrunners. Tom Tailor plans to use the proceeds to drive its expansion and to strengthen its capital structure. They expect to raise 140 million euros from a capital increase as well as secondary proceeds.
For each of its five product lines, Tom Tailor Group launches twelve collections per year. First sportswear collection was launched in 1979. First jeans wear collection and first store abroad appeared in 1996. Women's label was founded in 1999. Tom Tailor E-Shop opened in 2006. Next year young fashion collections Tom Tailor Denim Male and Denim Female were launched.
As of 31 December 2009 Tom Tailor products were sold in 87 own retail stores, the Tom Tailor E-Shop (Germany, Austria and Netherlands), 201 franchise stores and 1,108 shop-in-shops in 35 countries around the world. In fiscal year 2009 Tom Tailor Group had approximately 730 employees and it generated sales of 300 million euros. It was the best fiscal year in their corporate history.
The company chairman of the board and chief executive officer (CEO) is Dieter Holzer.
The group's parent company Tom Tailor Holding AG plans to list in the Prime Standard
Prime Standard
Prime Standard is a market segment of the Frankfurt Stock Exchange that lists German companies which comply with international transparency standards. The requirements are higher than in General Standard which is regulated by law...
of the Frankfurt Stock Exchange
Frankfurt Stock Exchange
The Frankfurt Stock Exchange is the world's 12th largest stock exchange by market capitalization. Located in Frankfurt am Main, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Börse, which also owns the European futures exchange Eurex and the clearing company...
in first half of 2010. The company is preparing its initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
(IPO). JPMorgan Chase and Commerzbank
Commerzbank
Commerzbank AG is the second-largest bank in Germany, after Deutsche Bank, headquartered in Frankfurt am Main.-Activities:Commerzbank is mainly active in commercial bank, retail banking and mortgaging. It suffered reversals in investment banking in early 2000s and scaled back its Securities unit...
have been mandated as its joint global coordinators and bookrunners. Tom Tailor plans to use the proceeds to drive its expansion and to strengthen its capital structure. They expect to raise 140 million euros from a capital increase as well as secondary proceeds.
Product lines
- Men Casual
- Women Casual
- Kids & Minis
- Denim Male
- Denim Female
For each of its five product lines, Tom Tailor Group launches twelve collections per year. First sportswear collection was launched in 1979. First jeans wear collection and first store abroad appeared in 1996. Women's label was founded in 1999. Tom Tailor E-Shop opened in 2006. Next year young fashion collections Tom Tailor Denim Male and Denim Female were launched.