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It's not like Men's Wearhouse wasn't given every opportunity to do the right thing following the takeover bid by Jos. A. Bank . After rejecting the initial $2.3 billion bid outright for being too ...
Tailored Brands' predecessor, Men's Wearhouse, was founded in 1973 by George Zimmer as a retail men's clothing store. The business had grown to 100 stores by the time it held an IPO in 1992, raising $13M. [6] Zimmer turned Men's Wearhouse into an industry consolidator, acquiring numerous competitors throughout his tenure leading the firm.
George Zimmer (born November 21, 1948) is an American businessman. He is the founder, former executive chairman (1973–2013) and former CEO (1973–2011) of the Men's Wearhouse, a clothing retailer with more than 1,200 stores [1] in the US and Canada, under the brands Moores, Men's Wearhouse and K&G Superstores.
Men’s Wearhouse quickly filed a lawsuit to block the proposed deal on the basis that it served only to make JoS. A. Bank an undesirable acquisition target. [8] The lawsuit was expedited by Delaware Judge J. Travis Laster , who agreed that the Eddie Bauer deal was likely defensive posturing on the part of JoS. A. Bank.
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Mati Milstein/Bloomberg via Getty Images By Aditi Shrivastava Men's Wearhouse struck back at Jos. A. Bank Clothiers with a $1.5 billion bid to acquire the suit and tuxedo retailer, only weeks ...
On Dec. 23, Jos. A. Bank Clothiers stole back the lead from The Men's Wearhouse by rejecting their all-cash offer of $1.54 billion. This follows a great deal of drama between the two companies ...
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