This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Aug. 6, 2013 /PRNewswire/ -- The Men's Wearhouse (NYSE: MW) today announced that it has successfully completed its acquisition of JA Apparel Corp
Joseph Abboud"), the celebrated American clothing brand.
Doug Ewert, President and Chief Executive Officer at Men's Wearhouse said, "We are delighted to have closed on this acquisition promptly and have reunited
Joseph Abboud with his iconic brand at Men's Wearhouse. This accelerates our strategy of offering exclusive brands with broad appeal at attractive prices. Current and future customers will benefit from authentic American designer clothing, manufactured in the
USA, at unparalleled value."
Pursuant to the terms of the Merger Agreement, The Men's Wearhouse acquired JA Holding, Inc., the parent company of
Joseph Abboud, in a cash merger transaction for approximately
$97.5 million in cash, subject to certain adjustments, and JA Holding, Inc. will continue to operate as a wholly owned subsidiary of The Men's Wearhouse.
J.P. Morgan is serving as financial advisor to Men's Wearhouse, and
Willkie Farr & Gallagher LLP is serving as legal advisor.
About Men's WearhouseFounded in 1973, Men's Wearhouse is one of
North America's largest specialty retailers of men's apparel with 1,141 stores. The Men's Wearhouse, Moores and K&G stores carry a full selection of suits, sport coats, furnishings and accessories in exclusive and non-exclusive merchandise brands and Men's Wearhouse and Tux stores carry a limited selection. Most K&G stores carry a full selection of women's apparel. Tuxedo rentals are available in the Men's Wearhouse, Moores and Men's Wearhouse and Tux stores. Additionally, Men's Wearhouse operates a global corporate apparel and workwear group consisting of Twin Hill in
the United States and Dimensions, Alexandra and Yaffy in the
United Kingdom. For additional information on Men's Wearhouse, please visit the Company's websites at