US: Men's Wearhouse and Jos A Bank begin merger talks
Following rejection by Jos A Bank of its improved offer last week, Men's Wearhouse said the two companies have agreed to "work in good faith to evaluate a potential combination". The company added that it has received a draft merger agreement from Jos A Bank.
Men's Wearhouse says its existing cash tender offer for $63.50 would provide Jos A Bank shareholders with a "substantial premium and immediate value", and that it is prepared to increase its offer price to $65 per share "if Jos A Bank can demonstrate or Men's Wearhouse can discover additional value through discussions or limited due diligence".
Formal clothing specialist Men's Wearhouse has been ordered to pay $42.6m in damages to a former licensee of its JA Apparel business....
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...
- Low labour cost countries linked to highest risks
- Why should brands care about China cotton?
- China cotton: implications and opportunities
- COMMENT: Skills or new technology?
- UK reshoring hub hit by sweatshop claims
- South Africa to grow grass for recyclable textiles
- 30% of Adidas cotton from sustainable sources
- Activewear driving US apparel spend
- Benetton to embark on living wage roadmap
- Sri Lanka and Bangladesh FTA talks underway
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Outdoor performance apparel: peaks, valleys, and green fields
- Global market review of swimwear - forecasts to 2019
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead
- Apparel Retail: Top 5 Emerging Markets Industry Guide