By and and  on June 8, 2014

Men’s Wearhouse is in serious discussions to sell its K&G discount division, which it put on the block last year.

In a conference call Friday morning, Jon Kimins, chief financial officer, said the company is currently “in discussions with [a] party regarding a possible transaction. This party is presently engaged in detailed due diligence. And although we’re in these discussions there can be no assurance that the transaction will ultimately be consummated.”

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