Houston -- The Men's Wearhouse, Inc. has engaged the advisory firm, AlixPartners, to support its integration of Jos. A. Bank Clothiers, Inc. Jos. A. Bank's store banner will remain in place and management will consist of executives from both companies.
"We are pleased to announce that we have engaged AlixPartners to support our integration of Jos. A. Bank,” said Doug Ewert, Men's Wearhouse president and CEO. “AlixPartners' vast experience in retail as well as in large merger integration situations will provide significant support to our company's goal of achieving an estimated $100 to $150 million of annual run-rate synergies over three years through improving purchasing efficiencies, optimizing customer service and marketing practices and streamlining duplicative corporate functions.