News Videos
International Edition


May 24, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Men's Wearhouse announces it will buy Jos. A. Bank for US$1.8 billion

NEW YORK--Men's Wearhouse plans to acquire Jos. A. Bank for US$1.8 billion, the companies announced Tuesday, a deal that creates a heavyweight in men's retail and likely concludes a lively takeover saga.

Men's Wearhouse, the larger of the two chains, agreed to pay US$65 per share for Jos. A. Bank, to create a single company with more than 1,700 stores in the U.S. and about 23,000 employees.

The deal will enable US$100-$150 million in cost savings over three years from purchasing efficiencies, streamlined customer service and reduced marketing spending, the companies said in a news release.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search