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.
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?"