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Rite Aid renews agreement with e-source provider Intesource
Phoenix -- Rite Aid has renewed its sourcing partnership with Intesource, an e-sourcing provider in the retail, drugstore, grocery and restaurant industries.
Rite Aid has leveraged Intesource's e-sourcing technology since 2009. The partnership helped the chain secure significant savings on both direct and indirect categories -- including snow plowing services -- and drove efficiencies across the entire supply chain.
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Jos. A. Bank offers to acquire Men’s Wearhouse
New York – Jos. A. Bank Clothiers has put in an offer to acquire Men’s Wearhouse for about $2.3 billion in a $48 per share all-cash offer, Reuters reported.
The acquisition would create a men’s apparel powerhouse with over 1,700 stores across the nation. Jos. A. Bank said Men’s Wearhouse was reviewing the proposal, according to the report.
Jos. A. Bank is partnering with Golden Gate Capital on the offer. The investment firm would make a $250 million equity investment in the company.