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By 1981, Jos. A. Bank had eleven retail stores and a growing catalog business. CEO Leonard Ginsberg (married to Mitzi, the daughter of Joseph and Anna Bank) decided to sell the company. Ginsberg was the last family member tied to the original Jos. A. Bank family business.
On November 15, 2013, Joseph A. Bank Clothiers Inc. withdrew "its all-cash proposal to purchase Men's Wearhouse for $48 a share after its self-imposed November 14 deadline". [17] In March 2014, Men's Wearhouse reached an agreement to acquire Jos. A. Bank for $1.8 billion, on the condition that it dropped its acquisition bid for Eddie Bauer. [18]
A Bank Clothiers (NAS: JOSB) fits the bill. The quest for perfection Stocks that look great based on one factor may prove horrible elsewhere, making due diligence a crucial part of your investing ...
Looking to reduce debt, Quaker announced in August 1986 they would sell off their specialty retailing group, which included Brookstone as well as Jos. A. Bank Clothiers and Eyelab. Brookstone was purchased by an investment group including Greylock Management, Duncan, Cook and Co. and Fidelity Ventures, as well as Brookstone management. [16] [17]
Men's clothier Jos. A. Bank was righteously indignant over Men's Wearhouse's refusal to consider its $2.3 billion buyout offer. But with fortunes reversed and its rival deploying a so-called "Pac ...
Hedge fund Eminence Capital, which stands to lose a bundle if the Men's Wearhouse takeover bid for Jos. A. Bank doesn't go through, is unsurprisingly not enamored of the latter's own plan to buy ...
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