Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

After dueling bids, Men's Wearhouse completes $1.8B purchase of rival Jos A Bank

NEW YORK, N.Y. - The Men's Wearhouse fight to own its one-time rival Jos. A. Bank is now complete.

The announcement Wednesday brings to a close a series of dueling bids, first from Jos. A. Bank to buy Men's Wearhouse, and then vice versa.

After a string of bids that grew quickly in value, the final price tag to combine the two retailers was $1.8 billion, or $65 per share.

Industry watchers say that intense competition in the retail space made the tie-up inevitable.

The first attempt to combine the two companies occurred just months after The Men's Wearhouse Inc. ousted its founder and executive chairman George Zimmer, who promised customers that, "You're going to like the way you look."

The new company will have about 1,700 stores and $3.5 billion in annual sales.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Sudden Surge: Flood of 2014
Opportunity Magazine — The Bakken
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates