Age, Biography and Wiki

George Zimmer was born on 21 November, 1948 in New York City, U.S., is an American businessman. Discover George Zimmer's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 75 years old?

Popular As N/A
Occupation Businessman
Age 75 years old
Zodiac Sign Scorpio
Born 21 November, 1948
Birthday 21 November
Birthplace New York City, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 21 November. He is a member of famous Founder with the age 75 years old group.

George Zimmer Height, Weight & Measurements

At 75 years old, George Zimmer height not available right now. We will update George Zimmer's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is George Zimmer's Wife?

His wife is Lorri Zimmer

Family
Parents Not Available
Wife Lorri Zimmer
Sibling Not Available
Children 4

George Zimmer Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is George Zimmer worth at the age of 75 years old? George Zimmer’s income source is mostly from being a successful Founder. He is from United States. We have estimated George Zimmer's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Founder

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Timeline

1948

George Zimmer (born November 21, 1948) is an American businessman.

1970

He attended primary school in Scarsdale, New York, before studying at Washington University in St. Louis where he was a member of the phi chapter of Sigma Alpha Mu, and where he earned a bachelor's degree in economics in 1970.

Upon graduation, he worked as a substitute teacher before joining his father in the clothing manufacturing business.

Later in the early 1970s, he worked as a purchasing agent and salesman in Hong Kong and Dallas.

Robert Elkin Zimmer started his own manufacturing company Royalad Apparel which he later expanded into Zimco Industries.

1973

He is the founder, former executive chairman (1973–2013) and former CEO (1973–2011) of the Men's Wearhouse, a clothing retailer with more than 1,200 stores in the US and Canada, under the brands Moores, Men's Wearhouse and K&G Superstores.

In 1973, Robert Elkin Zimmer and his son, George Zimmer, co-founded The Mens Wearhouse in Houston, Texas.

George Zimmer and his college roommates opened the first Men's Wearhouse store in 1973 in Houston.

1986

Beginning in 1986, Zimmer narrated and appeared in many of his company's television commercials, usually closing with the company slogan: "You're going to like the way you look. I guarantee it."

2004

Zimmer's style of corporate management (for example, the company's June 2004 nomination of spiritual guru Deepak Chopra to its board) is peculiar in the view of some, while others perceive his style as cutting edge.

2010

Zimmer's experience caring for his mother, who died of cancer, led him to support research into the therapeutic use of MDMA, and to his efforts to legalize cannabis (for instance, by making donations equaling $170,500 to support California's Proposition 19 in 2010).

2013

After leaving his executive position with the company, he continued as the company's spokesperson, until he was fired in June 2013.

Zimmer is now the founder, chairman, and CEO of Generation Tux, an online tuxedo and suit rental platform, and zTailors, a national network of on-demand tailors for men and women.

Zimmer was born to a Jewish family in New York City.

As of a May 9, 2013, proxy filing, Zimmer owned 1.8 million shares of Men's Wearhouse stock, a stake in the company of approximately 3.5 percent.

The day prior to his June 19 firing, Men's Wearhouse stock closed at $37.47, indicating a value of Zimmer's holdings in the company of $67.45 million.

The company made $2.48 billion in sales for the fiscal year ending in February 2013.

"... his longtime boardroom colleagues, in his telling, ambushed and fired him two years after he turned over his CEO role to his handpicked successor, Doug Ewert."

On June 19, 2013, The Men's Wearhouse board dismissed Zimmer for unspecified reasons and declined to offer any explanation in its press release.

The press release stated that terms of Zimmer's severance were still to be discussed with him.

Though the brief press release did not cite reasons for Zimmer's termination, Zimmer himself did shed a little light on the issue to CNBC.

"Over the last 40 years, I have built MW into a multibillion-dollar company with amazing employees and loyal customers who value the products and service they receive at MW. Over the past several months I have expressed my concerns to the board about the direction the company is currently heading. Instead of fostering the kind of dialogue in the boardroom that has in part contributed to our success, the board has inappropriately chosen to silence my concerns through termination as an executive officer."

On June 25, 2013, the company, responding to public pressure for more information following its terse original statement, released a detailed explanation of its actions.

The statement asserts that Zimmer insisted on full control of the public company.

"Neither the board nor management desired a total breakdown of the relationship between Mr. Zimmer and the company. In our discussions with Mr. Zimmer, we made considerable efforts to find a solution that would have allowed him to continue to have a significant involvement with Men's Wearhouse. Unfortunately, Mr. Zimmer wouldn't accept anything other than full control of the company and the board was left with no choice but to terminate him as Executive chairman."

2015

Citing the need to "bring the age-old tradition of tailoring into the modern day," Zimmer founded zTailors, "an on-demand personal tailoring service that gives everyone an opportunity to look their best with just a tap of their smartphone," launching publicly in June 2015.

Zimmer is the chairman and CEO of zTailors.

Stating a belief that "every aspect of this hallmark experience can be drastically improved," Zimmer founded Generation Tux, "the ultimate high tech, high touch clothing rental experience for the next generation," launching publicly in September 2015.

Zimmer is the chairman and CEO of Generation Tux.

Zimmer is married to his wife, Lorri; they have four children and live in Oakland, California.