Jos A. Bank to Acquire Eddie Bauer
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Scott Olson/Getty Images(NEW YORK) — Jos A. Bank is set to acquire Eddie Bauer, the men’s retailer announced on Friday.
The company — which is also involved in very public back and forth acquisition talks with rival retailer Men’s Warehouse — came to an agreement with Everest Topco LLC to acquire Everest Holdings LLC, the parent company of Eddie Bauer.
“We have long admired the Eddie Bauer brand and its widespread appeal among those with active lifestyles and excitement about the outdoors, a large and growing customer base that overlaps significantly with ours. Based on the success of Eddie Bauer’s turnaround and the outstanding opportunities a combination of our companies provides, we believe this transaction ideally positions Jos. A. Bank for the future…,” Jos. A. Bank Chairman Robert N. Wildrick said in a statement.
The deal is valued at approximately $825 million.
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