Jos. A. Bank Clothiers Inc. and Men’s Wearhouse Inc. agree they should join forces. Both also agree it’s worth taking on $1 billion or more in debt to create one of the largest U.S. clothing retailers. They just don’t agree who should run it.
Men’s Wearhouse Inc. has gone from target to hunter in less than two weeks. Investors like the way it looks.
Men’s Wearhouse Inc., the menswear retailer that ousted its founder last month, agreed to buy the Joseph Abboud clothing brand for $97.5 million in cash as the chain seeks to offer exclusive brands.
Gap Inc. Chief Executive Officer Glenn Murphy named Art Peck president of Gap North America and moved the namesake brand’s creative base to New York from San Francisco in a bid to boost sales.
Express Inc., a struggling clothing retailer that targets shoppers in their 20s, soared 21 percent after private-equity firm Sycamore Partners said it’s interested in acquiring the company.
"We actually have made great progress and we're in many ways ahead of plans and expectations."
- Richard Jaffe on Sep 04, 2014