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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)