The Men’s Wearhouse Inc. just won’t give up on Jos. A. Bank Clothiers Inc. — and is now willing to pay up to $1.8 billion for it.
On Monday morning, the California-based retailer increased its cash tender offer for its archrival to $63.50 a share, from $57.50, and said it was prepared to boost its bid to $65 a share if Jos. A. Bank agrees to terminate its agreement to acquire Eddie Bauer.
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?"