Menswear Boardroom Battle Between Fine Clothiers

The Men's Wearhouse today announced that it has proposed to acquire all of the outstanding shares of Jos. A. Bank Clothiers common stock.  The interesting part of this story is the fact that Jos. A. Bank Clothiers recently attempted to take over the Men’s Wearhouse.  It appears as if this menswear retailer does not plan to go down without a fight.

The Men's Wearhouse proposal represents a 45% premium over Jos. A. Bank's unaffected enterprise value and a 32% premium over Jos. A. Bank's closing share price on October 8, 2013, the day prior to the public announcement of Jos. A. Bank's proposal to acquire Men's Wearhouse.  

"Following Jos. A. Bank's unsolicited public proposal to acquire Men's Wearhouse, our Board of Directors evaluated a number of alternatives to deliver value to our shareholders," said Bill Sechrest, Lead Director of the Board of Men's Wearhouse.  "After a thorough review, our Board concluded that an acquisition of Jos. A. Bank by Men's Wearhouse has strategic logic and the potential to deliver substantial benefits to our respective shareholders, employees and customers.  In reaching our determination, we considered a number of factors including Men's Wearhouse's advantage in scale, growth and performance, long history as a prudent steward of capital, successful acquisition track record and experienced management team.  We believe we are the right acquiror for this combination and that our experienced management team is best positioned to execute the integration of our companies and achieve the synergies that would result.  We are ready to engage with the Jos. A. Bank's Board immediately." 
Doug Ewert, President and Chief Executive Officer of Men's Wearhouse, said, "Our compelling proposal provides Jos. A. Bank's shareholders with a substantial premium and immediate liquidity for their investment.  The transaction will be substantially accretive to Men's Wearhouse's earnings in year one, and the combined company will have a strong balance sheet with the operational flexibility to successfully execute on its strategic plan.  Together, we can create the premier men's apparel retailer, with enhanced scale and a broader best-in-class offering for our valued customers, which we expect to drive significant shareholder value."

Let the battle begin.  Who do you think will win this fashion industry brawl?

Read more about the boardroom brawl between Jos. A. Bank and the Men’s Wearhouse at the Fashion Newspaper.


As indicated in the press release from The Men’s Wearhouse, “The Men's Wearhouse management team has a proven track record of successful acquisitions, having integrated more than 600 stores and over 7,000 employees in connection with its previous acquisitions of Joseph Abboud, After Hours and Moores.  Men's Wearhouse would expect a smooth integration, as there will be no rebranding or remodels required – Jos. A. Bank's store banner would remain in place.  Management would consist of the most qualified individuals from both companies, and Men's Wearhouse is confident that its deep-rooted corporate culture of customer service will appeal to Jos. A. Bank employees and customers, and that implementing the best practices of both companies will drive operational and financial success.”

You are welcome to share your thoughts on this subject in the comments area below.

Thank you for taking the time to read our men's fashion retailer blog post. We hope that you have found this news to be informative. 

Toren Technical Apparel

Move over Patagonia, The North Face and Arc'teryx, and make room for Toren! Toren, a new fashionable brand of stylish, affordable and accessible technical apparel for men and women is planning its debut in the spring of 2014. The brand was created to provide a high quality, reasonably priced alternative for consumers with an active outdoor lifestyle.  Notably, Toren is employing the unique approach of soliciting consumer input on product design and features via its blog, social media channels and website, www.toren.is. 

Entrepreneur Ethan Wishnick, founder and creator of Toren, wants to engage his customer base pre-product launch to learn specifically what they want in technical apparel. "We want to know what pieces consumers are looking for. We're interested in what styles and colors are most appealing and what features are most important," he said. "Our goal is to listen and respond to create innovative new products with the features and look consumers want, all at a more affordable price point."

Toren's initial offering, the Fundamental Shell, is designed to look great and function equally well in the city or on the mountain. The shell will feature a more tailored fit than many of the products currently offered by competitors and integrate three-layer, waterproof/breathable fabric produced by Toray, a leading manufacturer of high performance textiles. Following the launch, Toren plans on producing technical apparel for all seasons, including pieces like insulated hard-shells and wetsuits.

Wishnick, an outdoor enthusiast who currently resides in Manhattan, was inspired to create Toren after years of frustration with the fit and high cost of technical garments.

"We have received tremendous feedback on our designs. We're confident our quality will be equivalent to our higher priced competitors, as we are using many of the same suppliers," said Wishnick. "Our e-commerce distribution model differentiates us from other technical apparel brands. By operating online, we can interact with our customers in real time to make them a part of our process, while eliminating overhead costs that inflate retail prices."

Thank you for taking the time to read our fashion blog post. We hope that you have found this news to be informative. If you have comments or questions, please add your thoughts in the discussion area below.

Bonnie McKee at 2013 American Music Awards

Bonnie McKee steals the spotlight in Soffer Ari at the 2013 American Music Awards on November 24th, 2013 in Los Angeles, CA. Bonnie wore the Trinity Tiny N.C. Cicero Necklace by Soffer Ari.

Soffer Ari is a Los Angeles based line that was started in 1995. Each piece is handmade and the precious stones are hand picked to ensure the highest quality of genuine gems. The line appeals to those who demand perfection and exudes the Los Angeles rocker style. Soffer Ari has a following amongst Hollywood's elite including Katy Perry, Stacy Keibler, and Kelly Osbourne. Soffer Ari is available for purchase at www.sofferari.com.

Thank you for taking the time to read our fashion blog post. We hope that you have found this news to be informative. 

If you enjoyed this post, you may want to also check out our new AMA fashion blog post page for more reading opportunities.

Bonnie looked absolutely beautiful in this jewelry.  Read more fashion blog posts about beautiful people.

If you have comments or questions, please add your thoughts in the discussion area below.

Bonnie McKee at 2013 American Music Awards

Bonnie McKee steals the spotlight in Soffer Ari at the 2013 American Music Awards on November 24th, 2013 in Los Angeles, CA. Bonnie wore the Trinity Tiny N.C. Cicero Necklace by Soffer Ari.

Soffer Ari is a Los Angeles based line that was started in 1995. Each piece is handmade and the precious stones are hand picked to ensure the highest quality of genuine gems. The line appeals to those who demand perfection and exudes the Los Angeles rocker style. Soffer Ari has a following amongst Hollywood's elite including Katy Perry, Stacy Keibler, and Kelly Osbourne. Soffer Ari is available for purchase at www.sofferari.com.

Thank you for taking the time to read our fashion blog post. We hope that you have found this news to be informative. 

If you enjoyed this post, you may want to also check out our new AMA fashion blog post page for more reading opportunities.

Bonnie looked absolutely beautiful in this jewelry.  Read more fashion blog posts about beautiful people.

If you have comments or questions, please add your thoughts in the discussion area below.

Bonnie McKee at 2013 American Music Awards

Bonnie McKee steals the spotlight in Soffer Ari at the 2013 American Music Awards on November 24th, 2013 in Los Angeles, CA. Bonnie wore the Trinity Tiny N.C. Cicero Necklace by Soffer Ari.

Soffer Ari is a Los Angeles based line that was started in 1995. Each piece is handmade and the precious stones are hand picked to ensure the highest quality of genuine gems. The line appeals to those who demand perfection and exudes the Los Angeles rocker style. Soffer Ari has a following amongst Hollywood's elite including Katy Perry, Stacy Keibler, and Kelly Osbourne. Soffer Ari is available for purchase at www.sofferari.com.

Thank you for taking the time to read our fashion blog post. We hope that you have found this news to be informative. 

If you enjoyed this post, you may want to also check out our new AMA fashion blog post page for more reading opportunities.

Bonnie looked absolutely beautiful in this jewelry.  Read more fashion blog posts about beautiful people.

If you have comments or questions, please add your thoughts in the discussion area below.

Bonnie McKee at 2013 American Music Awards

Bonnie McKee steals the spotlight in Soffer Ari at the 2013 American Music Awards on November 24th, 2013 in Los Angeles, CA. Bonnie wore the Trinity Tiny N.C. Cicero Necklace by Soffer Ari.

Soffer Ari is a Los Angeles based line that was started in 1995. Each piece is handmade and the precious stones are hand picked to ensure the highest quality of genuine gems. The line appeals to those who demand perfection and exudes the Los Angeles rocker style. Soffer Ari has a following amongst Hollywood's elite including Katy Perry, Stacy Keibler, and Kelly Osbourne. Soffer Ari is available for purchase at www.sofferari.com.

Thank you for taking the time to read our fashion blog post. We hope that you have found this news to be informative. 

If you enjoyed this post, you may want to also check out our new AMA fashion blog post page for more reading opportunities.

Bonnie looked absolutely beautiful in this jewelry.  Read more fashion blog posts about beautiful people.

If you have comments or questions, please add your thoughts in the discussion area below.

Danity Kane Spotted at the 2013 American Music Awards

Singer Aundrea Fimbres of the group Danity Kane donned a Pia Gladys Perey gown on the red carpet at the 2013 AMA's.  Aubrey looked stunning in a red dress with a deep plunging neckline while Aundrea sported a black long-sleeve number by the Australian designer. 

Earlier, the singers of Danity Kane were also spotted at the AMA Radio Room & Gift Lounge. The fab four wowed the onlookers in their super stylish outfits.  Singer Dawn Richards was the epitome of sporty chic when she paired a black leather Pia Gladys Perey skirt with a matching leather jacket and red Melie Bianco clutch. Aubrey O'Day turned heads when she wore red printed Mister Zimi pants, black crop top, Melie Bianco clutch, and jewelry by Charles Albert, MAKKO, and Misahara. Shannon Bex looked stunning in a black crop top, black pants, a MAKKO necklace with shoes by Maria Lorenzo. Aundrea Fimbres wore rhinestone encrusted booties by Maria Lorenzo with a white blouse and black Mister Zimi shorts. 

 
WHO: Girl group, Danity Kane: Aubrey O'Day, Shannon Bex, Dawn Richards, & Aundrea Fimbres

WHERE: At the 2013 AMA's and AMA Radio Room & Gift Lounge
 
WHEN: November 23 - 24, 2013
 
ABOUT PIA GLADYS PEREY:
Synonymous to sexy elegance for the modern goddess, Pia Gladys Perey (PGP) is the go-to label for glamorous frocks with a romantic flair. Sensual folds and dramatic drapes define the PGP woman, where curves of every kind are celebrated and made beautiful. To date, PGP has is favoured by Hollywood stars like Angelina Jolie, Eva Longoria, Camilla Belle, Kim Kardashian, Kate Flannery, Nadine Ellis, and Gabrielle Union. The brand’s ethereal aesthetic clearly earned a red carpet following, making Pia Gladys Perey one of the most successful Filipino fashion labels with a global appeal.
 
ABOUT MELIE BIANCO:
It all began with an idea: design stylish, luxurious handbags and sell them at an affordable price. This idea came to life when Melissa and William, a husband and wife team, founded Melie Bianco in 2003. Since then their designs have been featured on TV segments and spotted in major fashion magazines like Marie Claire, Glamour, Lucky, Instyle, Oprah, Cosmopolitan, Self, People Style Watch, and Vogue among others. The main emphasis behind the Shop Melie brand was that handbags are usually found in the up-scale department (next to cosmetics, watches, shoes and jewelry). With this being such a prime area, it gave them the motivation to offer affordable luxury to the everyday woman. They did this by creating trend driven handbags that are always stylish from season to season by using premium faux leather, paying attention to craftsmanship and using high-end hardware and lining. Their mission is for every woman to “treat herself to a little luxury”.
 
ABOUT CHARLES ALBERT:

Since 1996, Charles has carved out a niche in the marketplace by designing one-of-a-kind fossil, mineral & gemstone jewelry set in .950 (95% pure) fine sterling silver.  Every piece of jewelry is meticulously hand-made from designs that Charles and Beth,  have put together.  Charles Albert, Inc. produces fantastic jewelry with the widest variety of stones from all over the world.  All Charles Albert pieces are signed and the quality of work is unsurpassed. Over time, Charles Albert, Inc. has earned a good reputation for style, excellent quality and fantastic customer service. 

 
ABOUT MAKKO:
 Makko Jewelry believes that jewelry wasn't just meant for show, but something that could empower and protect the wearer. Makko Jewelry accomplishes this in a very unique and artistic way using Japanese kanji characters, gemstones, and distinctive shapes, to match each individual's spirit in the form of jewelry. Every piece of jewelry created by company founder, Makiko Tokuyama has a special meaning or message; some convey fortune and well-being while others may refer to peace and tranquility.
 
ABOUT MARIA LORENZO:

Maria Lorenzo is a luxury brand with one mission, capitalize on Distinction and eccentricity and release the  infinite versatile collections that are subtly elegant and decisively contemporary. The brand collections are hand-made in Italy from the finest materials.

 
ABOUT MISTER ZIMI:
Bali-based label Mister Zimi is the brainchild of Zoe and Jimi Paul and has been wildly embraced and hugely successful since its inception in 2007. Combining modern Australian design, beautiful Balinese influxes, textiles from around the globe and an easy-going lifestyle in sunny Bali, Mister Zimi features a diverse range of dresses, tops, bottoms, jackets, footwear and even antique rugs! Their collections draw on bright, bold, and exotic places and channel the silhouettes of the laid-back 70s.
 
ABOUT MISAHARA:

Misahara jewelry is the culmination of Lepa Galeb-Roskopp's bi-cultural upbringing along with her extensive world travels. Misahara's unique pieces channel an upscale gypsy-bohemian flare and comprise impeccable hand-craftsmanship using only the finest quality gemstones and metals.  Pieces range from adorned cuffs to large statement rings and provide a bit of luxury to the everyday woman.  Not only is Misahara committed to offering fine jewelry, but they also donate a portion of their proceeds to the Thimbini school located in Kwa Zulu Natal, South Africa.  

Thank you for taking the time to read our fashion blog post. We hope that you have found this news to be informative. If you have comments or questions, please add your thoughts in the discussion area below.

Kesha Accessorizes with ELAHN Jewels at the 2013 American Music Awards

Kesha hits the red carpet in ELAHN Jewels while attending the 2013 American Music Awards on November 24th, 2013 in Los Angeles, CA. The actress wore the Yellow Gold Knuckle Band by ELAHN Jewels to the awards.

    ELAHN Jewelry is the collaborative line by Leora Talmor and her mother Elahn. Elahn's inspiration for the line came from her dreams of gems while growing up in Jerusalem. The line  has a modern edge while adding gothic, victorian, and ancient eastern elements and making the pieces timeless and classic. The collection includes a mixture of rustic mined and sliced diamonds combined with classicly cut diamonds, sapphires, rubies, emeralds, rutilated quartz, and moonstones set in antiqued silver and gold. ELAHN Jewelry has already been seen on Vanessa Hudgens, Lily Collins, and Jessica Simpson, and is available for purchase at www.elahnjewels.com.

Thank you for taking the time to read our fashion blog post. We hope that you have found this news to be informative. 

For those of you that enjoy watching fashion trends from the AMA, you may want to view our American Music Awards fashion blog post page to view additional articles that we have posted.

If you have comments or questions, please add your thoughts in the discussion area below.

Ariana Grande Wears TACORI to 2013 American Music Awards

Ariana Grande sparkled in TACORI earrings at the 2013 American Music Awards at Nokia Theatre L.A. The New Artist of the Year winner looked glamorous in a red sequin gown and TACORI's .48ct Diamond French Wire Earrings (#FE 671 10, $3,230; www.tacori.com).

Thank you for taking the time to read our fashion blog post. We hope that you have found this news to be informative. 

For those of you that enjoy watching fashion trends from the AMA, you may want to view our American Music Awards fashion blog post page to view additional news about this red carpet event that we have posted.

If you have comments or questions, please add your thoughts in the discussion area below.

Emma Roberts at the 2013 American Music Awards

 Emma Roberts wears ELAHN Jewels to the 2013 American Music Awards on November 24th, 2013 in Los Angeles, CA. The actress wore the Diamond Barrel Ring by ELAHN Jewels to the awards.

ELAHN Jewels is the collaborative line by Leora Talmor and her mother Elahn. Elahn's inspiration for the line came from her dreams of gems while growing up in Jerusalem. The line  has a modern edge while adding gothic, victorian, and ancient eastern elements and making the pieces timeless and classic. The collection includes a mixture of rustic mined and sliced diamonds combined with classicly cut diamonds, sapphires, rubies, emeralds, rutilated quartz, and moonstones set in antiqued silver and gold. ELAHN Jewels has already been seen on Jessica Alba, Lily Collins, and Jessica Simpson, and is available for purchase at www.elahnjewels.com.

Thank you for taking the time to read our fashion blog post. We hope that you have found this news to be informative. For those of you that enjoy watching fashion trends from the AMA, you may want to view our American Music Awards fashion blog post page to view additional articles that we have posted.  If you have comments or questions, please add your thoughts in the discussion area below.