×
199
Fashion Jobs
RENOVATE BIOLOGICALS PVT LTD
Area Sales Manager
Permanent · Ahmedabad
BVR PEOPLE CONSULTING
Production Manager/Chennai
Permanent · Chennai
LABCURE DIAGNOSTIC PRIVATE LIMITED
Area Sales Manager
Permanent · Dehradun
BIG SOFT HR SOLUTIONS
Technical Manager (Maintenance & Production) @ Corporate Office
Permanent · Mumbai
ESTÉE LAUDER
Clinique - Consultant - Nykaa Trillium Mall, Amritsar - 40 Hours - Full Time, Permanent
Permanent · Amritsar
L'OREAL GROUP
Executive - Sales
Permanent · Rajkot
LEVI'S
Senior Specialist HR
Permanent · Bengaluru
ALEMBIC PHARMA
Area Development Manager
Permanent · Pune
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager
Permanent · Aurangabad
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
HERO HOUSING FINANCE LIMITED
Area Sales Manager
Permanent · Nagpur
KISHOR EXPORTS
Production Manager
Permanent · Ranchi
SNEHA SYNERGY SOLUTIONS PVT LTD
Production Manager in Manufacture Company at Sangareddy
Permanent · Sangareddy
CORPORATE RESOURCES
Manager – HR & Admin (Garments)
Permanent · Salem
ELECTRONICA FINANCE LTD
Area Sales Manager - Coimbatore Machinery Loan
Permanent · Coimbatore
CORPORATE RESOURCES
Area Sales Manager (Fmcg)
Permanent · Coimbatore
ZTT INDIA PRIVATE LIMITED
Production Manager
Permanent · Lady Lake
ACADECRAFT PVT. LTD.
Video Production Manager
Permanent · Noida
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Palakkad
DIASORIN HEALTHCARE INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Kochi
PROPERTYXPO.COM
Area Sales Manager – Real Estate Portfolio Management Gurgaon
Permanent · Gurugram
INDOCO REMEDIES LTD
Senior Production Manager
Permanent · Navi Mumbai
By
Reuters
Published
Jan 13, 2014
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Eminence backs Men's Wearhouse bid for Jos. A. Bank

By
Reuters
Published
Jan 13, 2014

Men's Wearhouse's largest shareholder, Eminence Capital LLC, plans to support the retailer's $1.61 billion offer for rival Jos. A. Bank Clothiers Inc, the Wall Street Journal reported, quoting people familiar with the matter.

Eminence's Chief Executive Ricky Sandler wrote in a letter to be sent to Jos. A. Bank's board on Monday that the company "will not be able to deliver comparable value to shareholders through any other strategic transaction or action", the newspaper said.

Jos. A. Bank, a century-old retailer of men's tailored and casual clothing, offered $2.3 billion for Men's Wearhouse last year that was swiftly rebuffed by its larger rival. Weeks later, Men's Wearhouse struck back with a bid to acquire Jos. A. Bank.

Last week, Men's Wearhouse mounted a hostile $1.61 billion bid for Jos. A. Bank in an attempt to break the resistance of its smaller rival. It offered $57.50 per share, after Jos. A. Bank rejected its earlier $55 per share offer.

Earlier this month, the New York-based Eminence Capital, which owns about 10 percent of Men's Wearhouse and about 5 percent in Jos. A. Bank, said it supported a merger of the two suit retailers.

The letter also urges Jos. A. Bank to negotiate with Men's Wearhouse, and opposes any acquisition by Jos. A. Bank, the Wall Street Journal said.

Eminence, Jos. A. Bank and Men's Wearhouse were not immediately available for comment outside regular U.S. business hours.

© Thomson Reuters 2021 All rights reserved.