The Men's Wearhouse Inc. has reunited Joseph Abboud the man with Joseph Abboud the brand.
On Thursday, the Fremont, Calif.-based retailer said it signed a definitive agreement to acquire JA Holding Inc., a subsidiary of J.W. Childs Associates, for $97.5 million in cash. The deal is subject to certain adjustments and is expected to close in the third quarter. The company expects to finance this acquisition as well as a $200 million share repurchase program with cash on hand and/or proceeds from its existing credit facility.
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?"