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Turnabout Is Fair Play?

It's not surprising that investors in menswear stores would try to maximize value, but the turnabout going on with Jos. A Bank and Men's Wearhouse may be.

By Debra Hazel | Updated on November 27, 2013

It’s no secret that menswear has been one of the fastest growing specialty sectors in retail – at all price points. Even when few retailers were expanding during the recession, companies including Jos. A. Bank were opening new units. So it’s not surprising that we’re now seeing investors in these companies try to maximize the value of the growth. What may be surprising is the turnabout going on with Bank and Men’s Wearhouse.

Just weeks after Jos. A. Bank withdrew its $2.3 billion bid for Men’s Wearhouse, the latter promptly Wearhouse has offered to acquire Bank for $1.5 billion ($55 per share).

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