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On Nov. 26, Men's Wearhouse proved its dominance in the men's apparel business for tailored suits, sportswear, footwear, and accessories by offering an all-cash deal with some debt financing of $2 ...
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.
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.
In August 2023, Aldi announced its intentions to acquire SEG's holdings under the Winn-Dixie and Harveys banners, with the sale being closed on March 7, 2024; Fresco y Más was spun off as a separate company under Fresco Retail Group LLC. [287] Sports Authority filed for Chapter 11 bankruptcy on March 2, 2016. The company's stores were sold to ...
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This sleek pair of men’s sneakers from Under Armour is on sale for as low as $41 during Labor Day, though the average discount hovers around $50 from what we can see. Each pair features a low ...