3 Reasons Why Jos. A. Bank for Eddie Bauer is Raw Silliness
Go figure, the tired Eddie Bauer brand that you know from 1997 may shortly be part of Jos. A. Bank. In one of the weirder combinations in the retail sector, Jos. A. Bank has made a supposedly sincere play for Eddie Bauer to the tune of $825 million. We say "supposedly" as the deal is a likely ploy by Jos. A. Bank execs to get Men's Wearhouse to pony up more funds for its ever hungry shareholders. Good luck. Belus Capital Advisors' Brian Sozzi has details from Wall Street.
At the time of publication, Sozzi was long XXX, although positions may change at any time.
At the time of publication, Sozzi held no position in the stocks mentioned.
Brian Sozzi is the CEO and Chief Equities Strategist of
. He is responsible for developing and managing an equities portfolio of mid- and large-cap positions, in addition to leading the firm's digital content initiatives. He is also a personal finance columnist for
Men's Health
magazine.
