Men's Wearhouse and Jos. A. Bank may be inching closer to a deal. Men’s Wearhouse announced that it had reached a nondisclosure agreement with its rival, setting up talks that could lead to a merger of the two retailers.
The two firms announced they are exchanging certain confidential information with each other and working in good faith to evaluate a potential combination.
As part of the agreement, Jos. A. Bank submitted a draft of a merger agreement to Men’s Wearhouse.