Men's Wearhouse Responds to Jos. A. Bank Letter

               Men's Wearhouse Responds to Jos. A. Bank Letter

PR Newswire

FREMONT, Calif., Nov. 4, 2013

FREMONT, Calif., Nov. 4, 2013 /PRNewswire/ --The Men's Wearhouse (NYSE: MW)
today responded to a request by Jos. A. Bank to conduct due diligence related
to the unsolicited, highly-conditional and non-binding proposal by Jos. A.
Bank to acquire The Men's Wearhouse, Inc. The Jos. A. Bank proposal is
subject to financing, due diligence and regulatory approval conditions.

Following receipt of the due diligence request, the Men's Wearhouse Board of
Directors met and, in consultation with its outside financial and legal
advisors, concluded that it is not in the best interest of the Company's
shareholders to provide Jos. A. Bank with access to nonpublic information
concerning Men's Wearhouse. In responding to the due diligence request, the
Board noted its determination that the highly-conditional Jos. A. Bank $48.00
per share proposal significantly undervalues Men's Wearhouse.

Douglas S. Ewert, President, Chief Executive Officer and a director of Men's
Wearhouse said: "Our Board and management team are committed to creating value
for our shareholders. We are enthusiastic about Men's Wearhouse's prospects
and are confident that our strategic plan will deliver more value to our
shareholders than Jos. A. Bank's inadequate, highly conditional proposal. We
thank our shareholders for the support we have received."

The Men's Wearhouse Board, in consultation with its financial and legal
advisors, previously evaluated and rejected an unsolicited, highly-conditional
and non-binding proposal from Jos. A. Bank to acquire Men's Wearhouse for
$48.00 per share in cash, subject to substantial debt and equity financing,
due diligence and regulatory approval. The Men's Wearhouse Board concluded
that the proposal significantly undervalued Men's Wearhouse and its strong
prospects for continued growth and value creation, and was not in the best
interests of Men's Wearhouse or its shareholders.

BofA Merrill Lynch and J.P. Morgan Securities LLC are serving as financial
advisors to Men's Wearhouse, and Willkie Farr & Gallagher LLP is serving as
legal advisor.

Founded in 1973, Men's Wearhouse is one of North America's largest specialty
retailers of men's apparel with 1,137 stores. The Men's Wearhouse, Moores and
K&G stores carry a full selection of suits, sport coats, furnishings and
accessories in exclusive and non-exclusive merchandise brands and Men's
Wearhouse and Tux stores carry a limited selection. Most K&G stores carry a
full selection of women's apparel. Tuxedo rentals are available in the Men's
Wearhouse, Moores and Men's Wearhouse and Tux stores. Additionally, Men's
Wearhouse operates a global corporate apparel and workwear group consisting of
Twin Hill in the United States and Dimensions, Alexandra and Yaffy in the
United Kingdom.

This press release contains forward-looking information. Forward-looking
statements are not guarantees of future performance and a variety of factors
could cause actual results to differ materially from the anticipated or
expected results expressed in or suggested by these forward-looking
statements. The forward-looking statements are made pursuant to the Safe
Harbor provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements may be significantly impacted by various
factors, including, but not limited to: actions by governmental entities,
domestic and international economic activity and inflation, success, or lack
thereof, in executing our internal operating plans and new store and new
market expansion plans, including successful integration of acquisitions,
performance issues with key suppliers, disruption in buying trends due to
homeland security concerns, severe weather, foreign currency fluctuations,
government export and import policies, aggressive advertising or marketing
activities of competitors; and legal proceedings. Future results will also be
dependent upon our ability to continue to identify and complete successful
expansions and penetrations into existing and new markets and our ability to
integrate such expansions with our existing operations. Other factors that
may impact the forward-looking statements are described in the Company's
annual report on Form 10-K for the fiscal year ended February 2, 2013 and
Forms 10-Q. For additional information on Men's Wearhouse, please visit the
Company's websites at www.menswearhouse.com, www.mooresclothing.com,
www.kgstores.com, www.twinhill.com, www.dimensions.co.ukand
www.alexandra.co.uk.

Contacts:
Ken Dennard
Dennard- Lascar Associates
(713) 529-6600
ken@dennardlascar.com

Dan Katcher / Tim Lynch / Andrea Rose
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

SOURCE The Men's Wearhouse

Website: http://www.menswearhouse.com
Website: http://www.mooresclothing.com
Website: http://www.kgstores.com
Website: http://www.twinhill.com
Website: http://www.dimensions.co.uk
Website: http://www.alexandra.co.uk