It came as no surprise Friday afternoon that the board of Jos. A. Bank Clothiers rejected the unsolicited tender offer by its archrival The Men’s Wearhouse. Bank said MW’s “true motives are unclear and its commitment to the offer is not credible.”
It also shot back at Eminence Capital, the activist investor that is pushing for the deal. Earlier this week, Eminence filed suit in the Court of Chancery in Delaware seeking a preliminary injunction that would prevent Bank from, among other actions, making an “ill-advised acquisition” that could hurt the value of Bank’s shares and risk “killing” what Eminence has in the recent past viewed and continues to view as an attractive combination.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"