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Caruso signs first U.S. lease in Manhattan
New York — Faith Hope Consolo, chairman, and Joseph Aquino, executive VP of Douglas Elliman’s Retail Group, has leased a multi-level space at 45 East 58th Street in the Plaza District in Manhattan, to Caruso, the exclusive Italian menswear label.
The new location will be Caruso’s first in the United States. It will be the brand’s New York flagship and showroom.
Formerly the Spanierman Gallery, the unusually large space encompasses more than 11,000 sq. ft. on two levels.
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FTC clears way for merger between Men’s Wearhouse and Jos. A. Bank
New York -- The Federal Trade Commission on Friday determined that the merger between Men’s Wearhouse and Jos. A. Bank does not violate antitrust laws. The commission had been conducting a detailed review of the proposed $1.8 billion deal.
The Men’s Wearhouse expects to close on its acquisition for Jos. A. Bank in the next 30 days after Men's Wearhouse agreed to pay $65 a share for Jos. A. Bank earlier this year in a deal valued at $1.8 billion that will create a company with more than 1,700 stores and pro forma annual sales of $3.5 billion.