Wednesday, October 23, 2013

Men's Wearhouse, Allen Edmonds, and Jos A Bank - A Suitable Deal?

Not sure if - you're going to like the way this looks. EL Cid

Men’s Wearhouse may try one of the country’s bigger upscale shoemakers on for size.

Park Avenue Cap-toe Lace-up Oxford Men's Dress Shoes by Allen Edmonds
Allen Edmonds Park Avenue
Men’s Wearhouse, a men’s clothing retailer, is weighing a bid for Allen Edmonds, people briefed on the matter said on Tuesday. The move comes even as the clothing company prepares to defend itself against a potential hostile takeover approach by Jos. A. Bank.

It isn’t clear whether a deal for Allen Edmonds, which is privately held, would have a significant effect on Jos. A. Bank’s offer. A purchase of the shoemaker would most likely be in the low hundreds of millions of dollars, these people said. Jos. A. Bank has already offered $2.3 billion for Men’s Wearhouse and may have to bid more.

So far, Men’s Wearhouse has rebuffed its unwanted suitor, and the two haven’t had discussions in several weeks. Jos. A. Bank hasn’t indicated yet whether it will go fully hostile, though people close to the company have said that it is considering all options.

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