Even though The Men’s Wearhouse Inc. has rejected Jos. A. Bank Clothiers Inc.’s $2.4 billion offer, don’t expect the men’s vertical retailer to walk away anytime soon.
Robert N. Wildrick, chairman of Jos. A. Bank, said in a telephone interview, “I am disappointed in their formulated response. In the interests of shareholders, and more importantly in the interests of customers, this is an opportunity to put together a couple of very good companies and come out with an extraordinarily good company with better product that’s cheaper to compete against the big guys, such as Macy’s. That’s a plus in my point of view. It’s a win-win for everybody.”
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)