The merger battle between menswear retailers Jos. A. Bank and Men’s Wearhouse has come to a close as the Federal Trade Commission gave its approval for Men’s Wearhouse to acquire its rival.
The merger followed months of debate between the two companies over which would acquire the other. Jos. A. Bank had originally looked to acquire Men’s Wearhouse, launching a five-month battle between the two companies.
Jos. A. Bank first offered to acquire Men’s Wearhouse for $2.3 billion last October.
But Men’s Wearhouse reached a deal last March to acquire its competitor for $1.8 billion.
According to the FTC, the two retailers have different consumer targets and will continue to face significant competition in the industry, including from online menswear competitors.
Full content: Business Insider
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI