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Report: Jos. A. Bank may consider hostile bid for Men’s Wearhouse
Hampstead, Md. – Jos. A. Bank Clothiers Inc. reportedly may consider a hostile takeover bid for Men’s Wearhouse. According to Bloomberg, Jos. A. Bank chairman Robet Wildrick said he would prefer a friendly acquisition but his company is not ruling any options out.
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The Bon-Ton Stores to exit mall in Scranton, Pa.
The Bon-Ton Stores plan to close its location in the mall at Steamtown in Scranton, Pa. The company will not renew the lease, which terminates January 31, 2014. The closing will impact approximately 50 employees at this location.
The company acquired the leasehold interests in the Scranton store in 2000. It does not expect costs associated with the closing of the location to be material.