Skip to main content
Advertising

Originally published Thursday, June 19, 2014 at 6:47 AM

  • Share:
           
  • Comments (0)
  • Print

Men's Wearhouse closes purchase of Jos A Bank

The Men's Wearhouse fight to own its one-time rival Jos. A. Bank is now complete.


advertising

NEW YORK —

The Men's Wearhouse fight to own its one-time rival Jos. A. Bank is now complete.

The announcement Wednesday brings to a close a series of dueling bids, first from Jos. A. Bank to buy Men's Wearhouse, and then vice versa.

After a string of bids that grew quickly in value, the final price tag to combine the two retailers was $1.8 billion, or $65 per share.

Industry watchers say that intense competition in the retail space made the tie-up inevitable.

The first attempt to combine the two companies occurred just months after The Men's Wearhouse Inc. ousted its founder and executive chairman George Zimmer, who promised customers that, "You're going to like the way you look."

The new company will have about 1,700 stores and $3.5 billion in annual sales.



Want unlimited access to seattletimes.com? Subscribe now!

Also in Business & Technology

News where, when and how you want it

Email Icon

Where in the world are Seahawks fans?

Where in the world are Seahawks fans?

Put your marker on The Seattle Times interactive map and share your fan story.

Advertising

Advertising

The Seattle Times photographs

Seattle space needle and mountains

Purchase The Seattle Times images


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►