Jos. A. Bank To Buy Eddie Bauer

Clothing chain Jos. A. Bank announced Friday it has agreed to buy casual sportswear maker Eddie Bauer for $825 million in a cash and stock deal. This acquisition comes in the midst of ongoing, hostile efforts by Jos. A. Bank and its main competitor Men's Wearhouse to buy each other.

Copyright © 2014 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

STEVE INSKEEP, HOST:

NPR's business news starts with a big clothing purchase.

(SOUNDBITE OF MUSIC)

INSKEEP: Big purchase this morning. The giant clothing chain store Joseph A. Bank announced it has agreed to buy casual sportswear maker Eddie Bauer for $825 million in cash and stock. That's a lot of short sleeve shirts. This acquisition comes in the midst of ongoing hostile efforts by Joseph A. Bank and its main competitor Men's Warehouse to buy each other.

Copyright © 2014 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

Support comes from: