M&A Deal Summary

Tailored Brands Acquires Joseph A. Bank Clothiers

On March 11, 2014, Tailored Brands acquired internet software and services company Joseph A. Bank Clothiers for 1.8B USD

Acquisition Highlights
  • This is Tailored Brands’ 1st transaction in the Internet Software and Services sector.
  • This is Tailored Brands’ largest (disclosed) transaction.
  • This is Tailored Brands’ 2nd transaction in the United States.
  • This is Tailored Brands’ 1st transaction in Maryland.

M&A Deal Summary
Date 2014-03-11
Target Joseph A. Bank Clothiers
Sector Internet Software and Services
Buyer(s) Tailored Brands
Deal Type Add-on Acquisition
Deal Value 1.8B USD

Target

Joseph A. Bank Clothiers

Hampstead, Maryland, United States
Joseph A. Bank Clothiers, Inc. is a menswear retailer, offering an extensive selection of tailored and casual clothing.

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Buyer(S) 1

Buyer

Tailored Brands

Houston, Texas, United States
Category Company
Founded 1973
Sector Apparel/Textiles
Revenue 2.9B USD (2020)
DESCRIPTION
Entrance to Tailored Brands' corporate headquarters in Houston, Texas.
Entrance to Tailored Brands' corporate headquarters in Houston, Texas.

Tailored Brands is a specialty retailer of men's apparel, including suits and sport coats, as well as furnishings and accessories. The Company's brands include Men's Wearhouse, Jos. A. Bank, Moores, and K&G. Tailored Brands was founded in 1973 and is based in Houston, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Maryland) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-18 Joseph Abboud

New York, New York, United States

Joseph Abboud is a men's apparel company that designs, merchandises, sources, manufactures, markets and distributes a wide range of products, including suits, sport coats, trousers, sportswear, dress shirts, ties, and through licensing agreements, men's accessories and home furnishings. Joseph Abboud is based in New York City.

Buy $98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Alexandra

Bristol, United Kingdom

Alexandra is a supplier of workwear solutions, trading internationally through their Dimensions, Affinity, Alexandra and Yaffy brands. Alexandra was founded in 1854 and is based in Bristol, United Kingdom.

Sell £62M
Mergr

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