A bid by Men’s Wearhouse (MW) to acquire a rival has been rejected. On Monday, Jos. A. Bank (JOSB) declined a takeover offer of $55 a share. Jos. A. Banks’ chairman said that the merger terms were “simply not in the best interest …
Men’s Wearhouse Inc. said Wednesday that it was removing founder George Zimmer as executive chairman, without offering a reason for the dismissal. The chain, which Zimmer launched in 1973, also said it was postponing its annual …
Two weeks ago, JOSB said it would spend $825 million to acquire outdoor apparel retailer Eddie Bauer, a move meant to complicate a hostile takeover by MW. The bidding war between JOSB and MW was kicked off in October when JOSB …