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US: With menswear merger confirmed, FTC already concerned

By  |  March 12, 2014

Before Jos. A. Bank and Men’s Wearhouse announced they had finally reached a deal to merge, the Federal Trade Commission had already requested more information regarding a potential deal.

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    According to reports, now that the menswear rivals have confirmed plans to combine, the FTC could place a significant barrier to completing the merger over concerns that competition will be reduced.

    Reports say the outcome will be determined by how the FTC divides the market, and whether the companies’ operate in a market that is more specialized than the general menswear industry.

    Both Jos. A. Bank and Men’s Wearhouse were engaged in rival bidding to acquire each other in previous months.

    Full Content: Wall Street Journal

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