Content about Men's Wearhouse

March 31, 2014

Global business advisory firm AlixPartners has been hired by Men’s Wearhouse to aid in the integration of its recent acquisition of Jos. A. Bank Clothiers.

Global business advisory firm AlixPartners has been hired by Men’s Wearhouse to aid in the integration of its recent acquisition of Jos. A. Bank Clothiers.

March 19, 2014

A little more than a week since the Men's Wearhouse confirmed plans to acquire Jos. A. Bank, it is launching an omnichannel inventory program giving customers access to merchandise within its distribution center and its more than 900 retail locations from one spot.

A little more than a week since the Men's Wearhouse confirmed plans to acquire Jos. A. Bank, it is launching an omnichannel inventory program giving customers access to merchandise within its distribution center and its more than 900 retail locations from one spot.  

March 19, 2014

A little more than a week since the Men's Wearhouse confirmed plans to acquire Jos. A. Bank, it is launching an omnichannel inventory program giving customers access to merchandise within its distribution center and its more than 900 retail locations from one spot.

A little more than a week since the Men's Wearhouse confirmed plans to acquire Jos. A. Bank, it is launching an omnichannel inventory program giving customers access to merchandise within its distribution center and its more than 900 retail locations from one spot.  

March 11, 2014

The months-long back and forth is over. The Men's Wearhouse will acquire all outstanding shares of Jos. A. Bank’s common stock for $65 per share in cash, or total consideration of $1.8 billion. The boards of directors of both companies have unanimously approved the transaction.

The months-long back and forth is over. The Men's Wearhouse will acquire all outstanding shares of Jos. A. Bank’s common stock for $65 per share in cash, or total consideration of $1.8 billion. The boards of directors of both companies have unanimously approved the transaction.

Together, Men's Wearhouse and Jos. A. Bank will have more than 1,700 stores in the U.S., making it the fourth largest U.S. men's apparel retailer with approximately 23,000 employees and sales of $3.5 billion on a pro forma basis.

March 3, 2014

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.

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.

March 3, 2014

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.

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.

February 14, 2014

Jos. A. Bank is in the process of acquiring Everest Topco, a portfolio company of Golden Gate and parent company of the Eddie Bauer brand.

Jos. A. Bank is in the process of acquiring Everest Topco, a portfolio company of Golden Gate and parent company of the Eddie Bauer brand.

The purchase price for Eddie Bauer consists of a combination of $564 million in cash and approximately 4.7 million new shares of common stock of Jos. A. Bank, issued to Everest Topco at $56 per share, a premium to the pre-announcement share price.

February 5, 2014

Men's Wearhouse has introduced international shipping to online customers in more than 100 countries. The company is promising affordable shipping rates and order totals guaranteed at the time of purchase to the international community.

Men's Wearhouse has introduced international shipping to online customers in more than 100 countries. The company is promising affordable shipping rates and order totals guaranteed at the time of purchase to the international community.

February 5, 2014

Men's Wearhouse has introduced international shipping to online customers in more than 100 countries. The company is promising affordable shipping rates and order totals guaranteed at the time of purchase to the international community.

Men's Wearhouse has introduced international shipping to online customers in more than 100 countries. The company is promising affordable shipping rates and order totals guaranteed at the time of purchase to the international community.

January 20, 2014

The back and forth between Jos. A. Banks and Men’s Wearhouse continues. This time the shoe is on Jos. A. Banks’ foot, as the company’s board of directors officially rejected an unsolicited buyout offer from the Men’s Wearhouse.

The back and forth between Jos. A. Banks and Men’s Wearhouse continues. This time the shoe is on Jos. A. Banks’ foot, as the company’s board of directors officially rejected an unsolicited buyout offer from the Men’s Wearhouse.

Jos. A. Bank called the offer, which expires March 28, 2014, and is worth $57.50 per share, or about $1.6 billion, “inadequate and opportunistic.”

December 12, 2013

Men’s Wearhouse reported declining net income during the third quarter of fiscal 2013 even as net sales improved.

Men’s Wearhouse reported declining net income during the third quarter of fiscal 2013 even as net sales improved.

Net income dropped about 22%, from $48.8 million in the third quarter of the prior fiscal year to $38.2 million.

November 15, 2013

Following a heated back-and-forth between Jos. A. Bank and the Men’s Wearhouse, which culminated in an ultimatum, Jos. A. Bank Clothiers has terminated its acquisition proposal.

Following a heated back-and-forth between Jos. A. Bank and the Men’s Wearhouse, which culminated in an ultimatum, Jos. A. Bank Clothiers has terminated its acquisition proposal.

As previously reported, Jos. A. Bank had advised the Men's Wearhouse board that it would terminate its all-cash proposal to purchase the company for $48 per share if the board failed to “engage in good faith negotiations” by Nov. 14. The day came and went and the companies continued in a deadlock.

November 15, 2013

Following a heated back-and-forth between Jos. A. Bank and the Men’s Wearhouse, which culminated in an ultimatum, Jos. A. Bank Clothiers has terminated its acquisition proposal.

Following a heated back-and-forth between Jos. A. Bank and the Men’s Wearhouse, which culminated in an ultimatum, Jos. A. Bank Clothiers has terminated its acquisition proposal.

As previously reported, Jos. A. Bank had advised the Men's Wearhouse board that it would terminate its all-cash proposal to purchase the company for $48 per share if the board failed to “engage in good faith negotiations” by Nov. 14. The day came and went and the companies continued in a deadlock.

September 24, 2013

David’s Bridal is turning to Manhattan Associates to bolster its omnichannel offerings and ensure on-time and accurate delivery of customer orders from across its network. The announcement comes on the heels of its extended exclusive relationship with the Men's Wearhouse.

David’s Bridal is turning to Manhattan Associates to bolster its omnichannel offerings and ensure on-time and accurate delivery of customer orders from across its network. The announcement comes on the heels of its extended exclusive relationship with the Men's Wearhouse. 

The amendment to the current contract with Men’s Wearhouse extends the partnership by five years with the option to extend for an additional five years.

September 24, 2013

David’s Bridal is turning to Manhattan Associates to bolster its omnichannel offerings and ensure on-time and accurate delivery of customer orders from across its network. The announcement comes on the heels of its extended exclusive relationship with the Men's Wearhouse.

David’s Bridal is turning to Manhattan Associates to bolster its omnichannel offerings and ensure on-time and accurate delivery of customer orders from across its network. The announcement comes on the heels of its extended exclusive relationship with the Men's Wearhouse. 

The amendment to the current contract with Men’s Wearhouse extends the partnership by five years with the option to extend for an additional five years.

September 12, 2013

The Men's Wearhouse experienced a decline in customer traffic and a subsequent drop in retail clothing sales during the second quarter ended Aug. 3, and has lowered its guidance as a result.

The Men's Wearhouse experienced a decline in customer traffic and a subsequent drop in retail clothing sales during the second quarter ended Aug. 3, and has lowered its guidance as a result.

September 12, 2013

The Men's Wearhouse experienced a decline in customer traffic and a subsequent drop in retail clothing sales during the second quarter ended Aug. 3, and has lowered its guidance as a result.

The Men's Wearhouse experienced a decline in customer traffic and a subsequent drop in retail clothing sales during the second quarter ended Aug. 3, and has lowered its guidance as a result.

July 31, 2013

The Men's Wearhouse has appointed retail industry veteran Allen I. Questrom to its board of directors.

FREMONT, Calif. — The Men's Wearhouse has appointed retail industry veteran Allen I. Questrom to its board of directors.

Questrom’s addition brings the Men's Wearhouse board to a total of nine directors, seven of whom are independent.

July 31, 2013

The Men's Wearhouse has appointed retail industry veteran Allen I. Questrom to its board of directors.

FREMONT, Calif. — The Men's Wearhouse has appointed retail industry veteran Allen I. Questrom to its board of directors.

Questrom’s addition brings the Men's Wearhouse board to a total of nine directors, seven of whom are independent.

July 18, 2013

Men's Wearhouse has signed a definitive agreement to acquire JA Holding, the parent company of American clothing brand Joseph Abboud, for approximately $97.5 million in cash, subject to certain adjustments.

FREMONT, Calif. — Men's Wearhouse has signed a definitive agreement to acquire JA Holding, the parent company of American clothing brand Joseph Abboud, for approximately $97.5 million in cash, subject to certain adjustments. 

JA Holding is currently majority-owned by funds affiliated with J.W. Childs Associates, L.P. The transaction is expected to close in the third quarter of 2013.

July 18, 2013

Men's Wearhouse has signed a definitive agreement to acquire JA Holding, the parent company of American clothing brand Joseph Abboud, for approximately $97.5 million in cash, subject to certain adjustments.

FREMONT, Calif. — Men's Wearhouse has signed a definitive agreement to acquire JA Holding, the parent company of American clothing brand Joseph Abboud, for approximately $97.5 million in cash, subject to certain adjustments. 

JA Holding is currently majority-owned by funds affiliated with J.W. Childs Associates, L.P. The transaction is expected to close in the third quarter of 2013.

June 25, 2013

Men’s Wearhouse’s board of directors has offered more details regarding founder George Zimmer’s termination as executive chair.

FREMONT, Calif. — The Men’s Wearhouse’s board of directors has offered new details regarding founder George Zimmer’s termination as executive chair.

"Our actions were not taken to hurt George Zimmer. Rather we were focused on what we believed to be in the best interests of Men's Wearhouse, as well as shareholders and employees. While Mr. Zimmer owns 3.5% of the stock, it is our obligation to represent the interests of all shareholders.”

June 25, 2013

Men’s Wearhouse’s board of directors has offered more details regarding founder George Zimmer’s termination as executive chair.

FREMONT, Calif. — The Men’s Wearhouse’s board of directors has offered new details regarding founder George Zimmer’s termination as executive chair.

"Our actions were not taken to hurt George Zimmer. Rather we were focused on what we believed to be in the best interests of Men's Wearhouse, as well as shareholders and employees. While Mr. Zimmer owns 3.5% of the stock, it is our obligation to represent the interests of all shareholders.”

June 19, 2013

Men’s Wearhouse said it terminated company founder and executive chairman George Zimmer on Wednesday and postponed its annual meeting.

Men’s Wearhouse said it terminated company founder and executive chairman George Zimmer on Wednesday and postponed its annual meeting.

No explanation was offered for Zimmer’s termination, but the company indicated the board of directors, "expects to discuss with Mr. Zimmer the extent, if any, and terms of his ongoing relationship with the company."

June 13, 2013

Net sales at Men's Wearhouse's flagship brand stores got off to a slow start, but clothing and tuxedo revenues picked up, allowing the company to see total net sales of $617 million for the first quarter ended May 4, an increase of 5% from $587 million for the quarter last year.

FREMONT — Net sales at Men's Wearhouse's flagship brand stores got off to a slow start, but clothing and tuxedo revenues picked up, allowing the company to see total net sales of $617 million for the first quarter ended May 4, an increase of 5% from $587 million for the quarter last year.