Men’s Wearhouse skips interest payment on senior notes

The Men’s Wearhouse Inc. skipped an interest payment shortly after reports said its parent company, Houston-based Tailored Brands Inc. (NYSE: TLRD), was considering bankruptcy protection.

The approximately $6.1 million interest payment on senior notes was due July 1, and the company has a 30-day grace period to make the payment before it is in default, according to a July 1 filing with the U.S. Securities and Exchange Commission.

If the company defaults due to nonpayment, “it would result in a…