Now that Jos. A. Bank Clothiers Inc. has said it will acquire Eddie Bauer in a cash-and-stock deal valued at $825 million, shareholders wishing for a merger of Jos. A. Bank and The Men’s Wearhouse Inc. are wondering what Men’s Wearhouse’s next move will be.
That’s because even though Jos. A. Bank left open the door to end its acquisition of Eddie Bauer, whomever chooses to bid for Jos. A. Bank now has to pay a termination fee of 3 percent, or an additional $48 million, on top of the $1.61 billion offer on the table from Men’s Wearhouse.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"