Houston-based owner of Men’s Wearhouse reportedly considers Chapter 11

Houston-based Tailored Brands Inc. (NYSE: TLRD) is considering ways to rework its debts of more than $1 billion, which could include a Chapter 11 bankruptcy filing, Bloomberg reports.

People with knowledge of the matter told Bloomberg that plans were still in the early stages and could change if the company receives alternative forms of financing. The company and its advisers have reached out to interested parties, Bloomberg’s sources said.

Bloomberg reports that law firm Kirkland & Ellis and investment…