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Slide #8. Men's Wearhouse — Joseph Abboud
Men's Wearhouse (MW)
The Men's Wearhouse (NYSE: MW) today announced that it has signed a definitive agreement to acquire JA Holding, Inc. ("JA Holding"), the parent company of the celebrated American clothing brand, Joseph Abboud, for approximately $97.5 million in cash, subject to certain adjustments. JA Holding is currently majority-owned by funds affiliated with J.W. Childs Associates, L.P. The transaction is expected to close in the third quarter of 2013.
The Men's Wearhouse is a retailer of men's suits and a provider of tuxedo rental products in the U.S. and Canada. Co.'s U.S. retail stores operate under the brand names of Men's Wearhouse, Men's Wearhouse and Tux, Jos. A. Bank and K&G. Co.'s Canadian stores operate under the brand name of Moores Clothing for Men. Co. also conducts retail dry cleaning, laundry and heirlooming operations through MW Cleaners. Additionally, Co. operates two corporate apparel providers, its U.K.-based operations, and its Twin Hill operations in the U.S. These operations provide corporate clothing uniforms and workwear to workforces. Co. has two reportable segments: retail and corporate apparel.
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Hold (2.00 out of 4)
(ranked higher than approx. 74% of all stocks covered)
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