Jos. A. Bank Clothiers offered to buy bigger rival Men's Wearhouse for about $2.3 billion to create a men's apparel heavyweight with more than 1,700 stores - a proposal that Men's Wearhouse swiftly rejected.
Private equity firm KKR & Co LP has withdrawn from the bidding process for Jones Group, two people familiar with the matter said, raising questions over the prospects of the auction for the fashion and footwear company.
Nike Inc is in final negotiations to sell its Cole Haan handbag and shoe brand to private equity firm Apax Partners, in a deal that could fetch around $500 million, according to three people familiar with the matter.
Private equity firms TPG Capital Management and Apax Partners are among several parties in the running to buy Nike's leather handbag and shoe maker Cole Haan, according to three people familiar with the matter.
Nike has kicked off the sales process of its leather handbag maker Cole Haan and soccer gear unit Umbro with a number of parties signing confidentiality agreements, according to sources with knowledge of the auctions.