The Men’s Wearhouse Inc. registered lower third-quarter earnings and a modest uptick in sales, but remained mostly mum on its $1.2 billion bid for competitor Jos. A. Bank Clothiers Inc.
Bank made a very public play for Men’s Wearhouse in October, offering $48 a share. And while Men’s Wearhouse roundly rejected that offer, the company did acknowledge the strategic rationale of a combination and last month went on the offensive, offering to buy the smaller Bank.
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)