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Jos. A. Bank [a] is an American retailer of men's furnishings specializing in suits. Established in 1905, by Charles Bank and Joseph Alfred Bank, [1] it operates over 180 retail locations and three distribution centers (Atlanta, Houston, and Jenkins). The company is headquartered in Fremont, California.
In October 2013, Men's Wearhouse received a $2.4 billion acquisition offer from smaller rival Jos. A. Bank. [12] Men's Wearhouse countered with an offer of its own, which sparked a five-month takeover battle between the two menswear retailers. After Jos. A. Bank rejected the initial counteroffer, Men's Wearhouse announced that it would increase ...
Right when we thought the drama between the two men's apparel rivals had ceased for the time being, Jos. A. Bank Clothiers and Men's Wearhouse are in the spotlight again over the same issue.
A Bank wants to acquire Men's Wearhouse for a significant premium, which would reward Men's Wearhouse shareholders. However, Men's Wearhouse feels Men's Wearhouse vs. Jos.
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After leaving Calvin Klein, Banks launched his own-name label in New York City in 1977, according to his official website, [5] although some sources state 1978. [2] By 1996, suits, shirts, eyewear and accessories from Jeffrey Banks Ltd. and Jeffrey Banks International were being sold worldwide with sales of about $20 million.
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