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|Men's Wearhouse to buy Jos. A. Bank for $1.8 billion after long battle|
|News - St Augustine Area & St Johns County|
The battle in men’s clothing has finally ended.
Men’s Wearhouse agreed to buy Maryland-based Jos. A. Bank on Tuesday in a deal worth $1.8 billion, ending nearly six months of hostilities between the two retailers.
The combined company would become the country’s fourth-largest men’s retailer and operate more than 1,700 stores across the country, Men’s Wearhouse and Jos. A. Bank said in a joint statement. Jos. A. Bank’s brand will stay independent, the company said, which means the acquisition will not affect the appearance of its stores.
Read entire article: Men's Wearhouse to buy Jos. A. Bank for $1.8 billion after long battle