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Wed, Jun. 18, 1:24 PM| Comment!
Fri, Jun. 6, 4:56 PM| Comment!
Thu, Jun. 5, 5:35 PM
Mon, Jun. 2, 1:36 PM
- The FTC says a combination of Men's Wearhouse (MW +1.7%) and Jos. A Bank Clothiers (JOSB) won't eliminate competition in the suit business.
- The federal agency notes the presence of retailers such as Macy's, Nordstrom, and J.Crew gives consumers plenty of choices.
- Shares of both company are higher in today's action.
Fri, May. 30, 2:47 PM
- The FTC says it has closed its investigation into the proposed merger of clothing retailers Men's Wearhouse (MW +3.8%) and Jos. A. Bank (JOSB +1.3%), clearing the deal to move ahead.
- The agency says significant competition in the sector, including brick-and-mortar stores as well as online sellers, means the transaction is not likely to harm consumers.
Tue, Apr. 8, 11:36 AM
- Visits to fine dining establishments rose 5% in 2013 to make up a little ground from the sharp fall following the 2008 market swoon.
- Traffic for the segment outpaced the general restaurant industry which showed flat results.
- Perhaps of interest to suit sellers (MW, JOSB, DXLG), one of the ways fine dining operators (DFRG, RUTH, BLMN) noted that they boosted traffic was by adopting looser dress codes.
Wed, Apr. 2, 8:24 AM
Thu, Mar. 20, 7:47 AM| Comment!
Tue, Mar. 11, 12:42 PM
- Men's Wearhouse (MW +6.1%) confirms it struck a deal to buy Jos. A. Bank Clothiers (JOSB +3.8%) for $65 per share at a total deal value of $1.8B.
- Boards of both companies gave their unanimous approval after months of mild bickering.
- Men's Wearhouse estimates it will see a benefit of $100M-$150M from annual run-rate annual synergies realized over three years.
- A plan by Men's Wearhouse to buy Eddie Bauer has been aborted.
Tue, Mar. 11, 12:02 PM| 6 Comments
Mon, Mar. 3, 7:18 AM| 7 Comments
Thu, Feb. 27, 5:24 PM| 4 Comments
Wed, Feb. 26, 7:04 AM| Comment!
Mon, Feb. 24, 9:11 AM
Mon, Feb. 24, 8:17 AM
- Men's Wearhouse (MW) wants to see Jos. A. Bank (JOSB) shareholders tender their shares before March 12.
- The company says it will go as high as $65 per share if it can undertake some confidential due diligence.
- The offer is contingent on Jos. A. Bank giving up on its pursuit of Eddie Bauer. Men's Wearhouse will cover the termination fees up to $48M.
- Premarket: JOSB +8.5%, MW +3.1%.
Mon, Feb. 24, 8:12 AM
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