In a strange bit of news, Men’s Wearhouse is apparently putting in a bid for the purchase of dress-shoe retailer Allen Edmonds. At the same time, they’re also preparing themselves against a possible hostile takeover from Jos. A. Bank. The purchase of Allen Edmonds is rumored to be in the low hundreds of millions of dollars. It’s unclear whether this will affect Jos. A. Bank’s bid for Men’s Wearhouse.
Full story at the New York Times.