I think you're right that Zimmer didn't like the direction the company was taking in its merchandising, but it's not about whether the founder likes it; it's about whether consumers do. MW has leading market share in men's tailored clothing and tuxedos, and its largest competitor, Jos. A. Bank, is having a much harder time. If a battle with the former CEO is enough to bankrupt the company, the company he built probably wasn't as great as we'd all thought anyway. They will continue to grow or fall back a bit based on how well they execute going forward.
I would not stereotype the GAY image the website projects. Almost all male models are GAY, so you can't get around that fact. I have noticed many of the sales people in the stores seem to be Gay as well. Perhaps George is GAY as many Jews are, but , just because he lives in SF doesn't mean he is GAY. I am just saying don't stereotype the website or the GAY community.