The Men’s Wearhouse Inc. continued to exert pressure on its rival Jos. A. Bank Clothiers Inc. Thursday morning, sending a letter to the company’s independent directors urging them to form a special committee to reconsider Men’s Wearhouse’s $1.6 billion takeover tender offer and begin “constructive negotiations.”
Men’s Wearhouse also said it is prepared to further increase its offer price to acquire Jos. A. Bank if those talks uncover “additional value.”
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?"