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Wolverine Worldwide appoints Toys ‘R’ Us exec as president of Stride Rite
Rockford, Mich. -- Wolverine Worldwide announced the appointment of Ira P. Hernowitz as president of the Stride Rite Children's Group. He most recently served as executive VP of "R" Us Brands for Toys R Us, Inc.
Hernowitz has served in a variety of leadership roles during his career, and his strong background in children's products, coupled with his retail expertise. -
Men’s Wearhouse rejects Jos. A. Bank take-over proposal — again
Fremont, Calif. -- Men’s Wearhouse again rejected a $2.3 billion takeover bid by Jos. A. Bank, refusing to allow it confidential access to its books. Last week, Jos. A. Bank sent a letter to Men’s Wearhouse, hinting that it might raise its proposed takeover offer above $48 a share if it was allowed to conduct due diligence.
In a statement on Monday, Men’s Wearhouse once again reiterated its belief that its own turnaround plan would be better for shareholders.