Home / Knowledge / News / Apparel/Garments / Men's Warehouse investors hopeful on deal with Jos A Bank
Men's Warehouse investors hopeful on deal with Jos A Bank
Nov '13
Men’s Wearhouse Inc., a men's dress clothes retailer in the United States, might have rejected the USD 48 per share in cash offer by Jos. A. Bank Clothiers Inc. but its investors are still hopeful that the deal would go through to create the largest men’s apparel, manufacturer and retailer in the U.S.

Earlier, Jos. A. Bank had withdrawn its USD 2.3 billion takeover bid after it failed to lure Men’s Wearhouse into merger talks.

Despite the failed talks, the shares of Men’s Wearhouse were up 33 per cent, hinting that the investors were still interested in the deal.

Pushing for the deal, Eminence Capital, one of the biggest shareholders with 9.8 per cent share in Men’s Wearhouse, released a presentation describing how shareholders can release value at the company and why Men’s Wearhouse’s Board of Directors should pursue the merger discussions with Jos. A. Bank Clothiers.

Eminence Capital said that Jos A. bank should offer “significant Premium” for Men’s Wearhouse as it is an appealing buy and called the proposed merger with Jos. A. Bank a “compelling opportunity” and added that the possibilities are "massive with the potential for USD 2 billion of value to be created."

The case being put forward by Eminence Capital carries weight and is the reason stock of Men’s Wearhouse, a “must-own” company in the retail industry, is holding up. 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search