Houston – After rejecting a $2.3 billion buyout offer from Jos. A. Bank, Men’s Wearhouse reportedly is considering purchasing men’s shoemaker Allen Edmonds Corp., according to reports by the New York Times, Wall Street Journal and others. The high-end footwear is owned by private equity firm Goldner Hawn Johnson & Morrison, which bought it seven years ago.
It wasn’t clear how — or if — a deal for Allen Edmonds would impact on Jos. A. Bank’s offer.
Men’s Wearhouse, which purchased JA Holding Inc., parent of the Joseph Abboud apparel line, in July, reportedly intends to have exclusive brands constitute 65%-70% of its total business.