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...It also said it expects comparable sales at Jos. A. Bank to rise by mid-to-high-single digits, and a slight decrease at Men’s Wearhouse, its largest brand....
...Two years ago, two successful mid-tier US clothiers Jos A Bank and Men’s Wearhouse began a hostile merger fight in which each tried to buy the other....
...So let us hope that suit retailer Jos A Bank will look in the mirror and see just how ghastly its combination with outdoor apparel maker Eddie Bauer looks....
...Jos A Bank Clothiers has agreed to buy the owner of Eddie Bauer, the US outdoor clothing and equipment retailer, based on an enterprise value of $825m....
...Shares in Jos A Bank, which is being advised by Goldman Sachs and Skadden, fell 0.4 per cent to $56.81....
...So there was no chance that Jos A Bank’s withdrawn bid for Men’s Wearhouse would be the last word in the tussle between the suit merchants....
...Jos A Bank shares rose 7.5 per cent to $44.78. Men’s Wearhouse had revenue of $2.5bn in the past 12 months, more than double that at Jos A Bank....
...Bank Clothiers took the offensive in its effort to fend off a proposed takeover by Men’s Wearhouse Inc., entering talks of its own to buy fellow apparel retailer Eddie Bauer LLC and issuing a sharply worded...
...First, via a project to produce fruit and vegetables for the export market in a joint venture with Rothschild, the British investment bank, called FieldFresh Foods....
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