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US: Men’s Wearhouse remains headstrong against Jos. A. Bank

By  |  November 17, 2013

Jos. A. Bank has reportedly given up on its quest to acquire Men’s Wearhouse after repeated offers of $2.3 billion to buy its competitor.

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    Reports say a deadline to strike a deal passed last Thursday, but Jos. A. Bank withdrew its offer following Men’s Wearhouse’s disinterest in a deal. The company has, however, left open the possibility of reviving merger discussions should Men’s Wearhouse seem interested in a deal.

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    Instead, Men’s Wearhouse is reportedly looking to restructure its company to raise revenue in the next three years.

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