Aug. 6, 2013
/PRNewswire/ -- The Men's Wearhouse (NYSE: MW) today announced that it has successfully completed its acquisition of JA Apparel Corp
"), the celebrated American clothing brand.
, President and Chief Executive Officer at Men's Wearhouse said, "We are delighted to have closed on this acquisition promptly and have reunited
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
, at unparalleled value."
Pursuant to the terms of the Merger Agreement, The Men's Wearhouse acquired JA Holding, Inc., the parent company of
, in a cash merger transaction for approximately
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 Wearhouse
Founded in 1973, Men's Wearhouse is one of
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
. For additional information on Men's Wearhouse, please visit the Company's websites at