By  on October 9, 2013

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.”

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus