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Men’s Wearhouse Pursues Possible Purchase of Allen Edmonds

Discussion in 'Classic Menswear' started by chogall, Oct 22, 2013.

  1. chogall

    chogall Senior member

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    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.
     
  2. jrd617

    jrd617 Senior member

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  3. jrd617

    jrd617 Senior member

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    In Soviet Russia, Jos A Bank does not buy Mens Wearhouse; MEN'S WEARHOUSE BUYS ALLEN EDMONDS!
     
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  4. jrd617

    jrd617 Senior member

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    Last edited: Oct 22, 2013
  5. FlyingMonkey

    FlyingMonkey Senior member

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    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...!)
     
    2 people like this.
  6. black_umbrella

    black_umbrella Senior member

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    E 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.
     
  7. jrd617

    jrd617 Senior member

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    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/produ...catid=156&oldcolid=3742&stype=0&colourid=3741
     
    1 person likes this.
  8. JLibourel

    JLibourel Senior member

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    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.
     
  9. chogall

    chogall Senior member

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

    Fits right in for JAB buy one get one free or MW el cheapo suits.
     
    1 person likes this.
  10. Willin

    Willin Senior member

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    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.
     
  11. Quadcammer

    Quadcammer Senior member

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    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.
     
  12. AllenEdmondsCEO

    AllenEdmondsCEO Active Member

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    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/me...-for-allen-edmonds-b99126284z1-228843321.html
     
  13. Quadcammer

    Quadcammer Senior member

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    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.
     
  14. Gauss17

    Gauss17 Senior member

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    It might be a good thing. It may bring solidly constructed shoes further into the "limelight" and put more people in quality footwear.
     
  15. chogall

    chogall Senior member

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    [​IMG]
     
  16. Willin

    Willin Senior member

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    Don't you worry of the inevitable destruction of your brand when it is acquired by Men's Warehouse? Under no circumstance would it improve the image of the company. The only thing it will achieve is enriching the shareholders (PE firm). I don't mean this maliciously.

    Thanks for stopping by, regardless.
     
  17. Caustic Man

    Caustic Man Senior member

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    All in all, I think among discerning shoe shoppers, association with Men's Wearhouse is a bad idea...

    [​IMG]
     
  18. rbarthel

    rbarthel Senior member

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    Even if Paul's claims about quality holds true, I couldn't see spending money at a company owned by Men's Wearhouse when there are so many other great shoe companies with products at roughly the same price point or just a little bit more.
     
    Last edited: Oct 24, 2013
    1 person likes this.
  19. chogall

    chogall Senior member

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    Whom?

    AE is special because it sits at a price point that no one else could compete. Similar quality imported shoes needs to have at least $400 msrp to break even or profitable...
     
  20. rbarthel

    rbarthel Senior member

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    I can only speak for myself but i'd consider Alden's premium over AE an acceptable cost for not doing business with Men's Wearhouse.
     
    Last edited: Oct 24, 2013
    1 person likes this.

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