By Paul Pannone
An initial offering by Jos A. Bank to buy Men’s Wearhouse was rejected but has opened the doors to the possibility. As far back as June 22, 2013 Bank has reportedly been considering strategic opportunities to enhance shareholder value through acquisition but Men’s Wearhouse is a very big fish to swallow.
Bank on another offering from Jos A Bank to men’s Wearhouse
Since dumping its founding CEO, George Zimmer earlier this year Men’s Wearhouse stock has risen nearly 5 percent and has made strategic moves to strengthen its business, including the purchase of the Joseph Abboud company for over $97 million dollars, reuniting the company with the man; Joseph Abboud, hiring the displaced designer, as head of their creative department.
Sources near the story told eWedNewz, “There’s a lot of history, bad blood and very strong personalities involved in the fray.”
As eWedNewz reported in June, expect sweeping changes to continue, as giant retailers of equal strength and size look to gobble up the other and build the more efficient company of tomorrow– today.
All Rights Reserved