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Men’s Wearhouse Pursues Possible Purchase of Allen Edmonds

post #1 of 24
Thread Starter 

Men's Wearhouse is pursuing a possible purchase of dress-shoe retailer Allen Edmonds, according to people familiar with the matter. Such a move could complicate Jos. A. Bank Clothiers's unsolicited bid for Men's Wearhouse.

It is unclear who else, if anyone, may be bidding for closely held Allen Edmonds, which could fetch a price in the low hundreds of millions of dollars. A deal for the company, with Men's Wearhouse or someone else, could be reached next month.

This month, Jos. A. Bank offered $48 a share in cash for Men's Wearhouse, but Men's Wearhouse has rejected that bid in part based on the price.

post #2 of 24
I thought this was a parody of the AE-MW saga for a second, but low and behold, this is a real story

http://dealbook.nytimes.com/2013/10/22/mens-wearhouse-said-to-weigh-bid-for-allen-edmonds/?_r=0
post #3 of 24
In Soviet Russia, Jos A Bank does not buy Mens Wearhouse; MEN'S WEARHOUSE BUYS ALLEN EDMONDS!
post #4 of 24
Those fugly Neumok's and Cronmok's aren't the darling of SF, but they sure seem to be getting the investment banks' attention biggrin.gif

http://www.styleforum.net/t/362770/repository-of-strange-product-names-name-suggestions
post #5 of 24

I  know that there's a more serious aspect to this, but I must confess to finding the thought that all those AE seconds enthusiasts could now be buying Men's Warehouse seconds quite amusing... (sorry...!)

post #6 of 24
AE is already starting to flirt with completely eliminating what "made in america" value that they currently have. I would assume that ME or JAB, would completely destory what is left of that company. The shoes can be a bit fugly, but there's not much else at that pricepoint that has some level of quality, especially with sales.
post #7 of 24
Quote:
Originally Posted by black_umbrella View Post

AE is already starting to flirt with completely eliminating what "made in america" value that they currently have. I would assume that ME or JAB, would completely destory what is left of that company. The shoes can be a bit fugly, but there's not much else at that pricepoint that has some level of quality, especially with sales.

I used to own a few pairs of AE's. Now my only pairs are some Aztec slippers and some driving shoes. I grew tired of the stiff soles (non oak bark tanned) and leather, and the blobby lasts

Honestly, I'd steer people towards Herring house line over AE.

http://www.herringshoes.co.uk/product-info.php?&colset=1&styleid=1909&shoeid=7064&brandid=6&catid=156&oldcolid=3742&stype=0&colourid=3741
post #8 of 24
Well, isn't MW trying to go more upscale, with Joseph Abboud on their team and all? Maybe an MW takeover of A-E would be quite so ruinous, after all.

However, the prospect does make me relieved to have just about all the A-Es I could possibly want or need for my comparatively few remaining years.
post #9 of 24
Thread Starter 

"Allen Edmonds, the seconds shall be first." - RJ Man.

 

Fits right in for JAB buy one get one free or MW el cheapo suits.

post #10 of 24
This is on page B1 of the wall street journal this morning. What a shame. I own two pairs of AE's and they'll be my last if MW acquires them.
post #11 of 24
Quote:
Originally Posted by Willin View Post

This is on page B1 of the wall street journal this morning. What a shame. I own two pairs of AE's and they'll be my last if MW acquires them.

I won't go that far. If they maintain the quality and make them in america, I will continue to buy them. If they go the way of florsheim and Johnston&Murphy, I'm out.
post #12 of 24
Quote:
Originally Posted by Quadcammer View Post

I won't go that far. If they maintain the quality and make them in america, I will continue to buy them. If they go the way of florsheim and Johnston&Murphy, I'm out.

Men -- I thought I'd join your thread. Below is a link to an article in the Milwaukee Journal Sentinel, it's has good and broader information for you, and the reporter quoted me accurately. We will indeed maintain -- even continue to improve toward the endless pursuit of perfection -- our quality.

Best wishes,
Paul

http://www.jsonline.com/business/mens-wearhouse-reported-bidding-for-allen-edmonds-b99126284z1-228843321.html
post #13 of 24
Paul,
I was hoping to see you post. Thanks for the info. If you maintain your quality and keep your factory in america, you can definitely keep your loyal following.

Not sure though, the synergies between companies. I can't see people who shop at MW buying $300+ shoes.

either way, be interesting to see how it plays out.

Good luck sir.
post #14 of 24
It might be a good thing. It may bring solidly constructed shoes further into the "limelight" and put more people in quality footwear.
post #15 of 24
Thread Starter 
Quote:
Originally Posted by AllenEdmondsCEO View Post


Men -- I thought I'd join your thread. Below is a link to an article in the Milwaukee Journal Sentinel, it's has good and broader information for you, and the reporter quoted me accurately. We will indeed maintain -- even continue to improve toward the endless pursuit of perfection -- our quality.

Best wishes,
Paul

http://www.jsonline.com/business/mens-wearhouse-reported-bidding-for-allen-edmonds-b99126284z1-228843321.html

:slayer:

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