Jos. A. Bank Clothiers in Talks to Buy Eddie Bauer, WSJ SaysSylvia Wier and Lindsey Rupp
Jos. A. Bank Clothiers Inc. is in talks to buy retailer Eddie Bauer, the Wall Street Journal reported, citing unidentified people familiar with the matter.
The newspaper said other details, including the price, couldn’t be learned.
Jos. A. Bank, which sells menswear, is itself resisting a $1.6 billion takeover bid by rival Men’s Wearhouse Inc. Men’s Wearhouse said on Jan. 30 it’s prepared to raise its offer for Jos. A. Bank if it can justify doing so through discussions or due diligence.
Tom Davies, a Jos. A. Bank spokesman with Kekst & Co., declined to comment to Bloomberg. Attempts to reach an Eddie Bauer spokesman were unsuccessful.
The Journal, citing a person familiar, said that Jos. A. Bank has signed nondisclosure agreements related to purchases of other companies.
Seattle-based Eddie Bauer sells sportswear, outerwear and outdoor gear.