US: Jos A Bank rejects Men's Wearhouse improved offer
The retailer last week submitted a cash tender offer for all outstanding shares of Jos A Bank of US$63.50 per share, up from its previous offer of $57.50 per share.
Jos A Bank, however said it was "unanimously" rejecting the offer as "inadequate", but said it would be willing to meet with Men's Wearhouse to "establish a process that will enable you to advise our board as to the highest price you are prepared to pay in an acquisition of Jos A Bank".
The Global market review of Workwear which was first published by just-style in 2010 proved to be one of our best selling reports to date. Hardly surprising then, that there has been much anticipation...
US formal clothing specialist Men's Wearhouse has appointed Jim Thorne as executive vice president of direct sourcing....
Formal clothing specialist Men's Wearhouse has appointed Mary Beth Blake as its president and chief merchandising officer....
- 2014: Year in review - Sourcing winners and losers
- 2014: Year in review - Brand winners and losers
- 2014: Year in review - Retail winners and losers
- COMMENT: The decline of the buying office
- Bangladesh: Raising the bar on apparel exports?
- Report urges overhaul of Cambodia factory safety
- Bangladesh knitting worker killed by faulty lift
- Bangladesh factory improvements “will take years”
- North Face debuts locally-grown "backyard" hoodie
- Tommy Hilfiger launches solar-powered jacket