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Oct 22 (Reuters) – Men’s Wearhouse is looking to buy
dress-shoe retailer Allen Edmonds, the Wall Street Journal
reported, quoting people familiar with the matter.
Reuters reported in July that Allen Edmonds, controlled by
private equity firm Goldner Hawn Johnson Morrison, is looking to
sell itself and a deal could value the company at $150 million
to $200 million.
Men’s Wearhouse and Allen Edmonds were not immediately
available for comments.
Allen Edmonds sells its shoes through department stores like
Nordstrom Inc and Macy’s Inc, as well as 38
company-owned retail stores.
Jos. A. Bank Clothiers Inc offered to buy Men’s
Wearhouse Inc for about $2.3 billion in October but the
apparel retailer dismissed the offer as “inadequate”.
