Jos A. Bank will acquire the Eddie Bauer brand in a deal worth $825 million. Jos A. Bank will buy Everest Holdings, the parent company of Eddie Bauer, in the transaction.
There is also a hostile bid from Men's Warehouse for Jos. A. Bank on the table. CNN/Money reports
that the Eddie Bauer deal could be canceled if Jos A. Bank's board decides to take the Men's Wearhouse offer. However, Reuters reports
that some analyst see the acquisition by Jos A. Bank as a movie to remain independent and stave off the hostile bid.
Eddie Bauer, known for its outerwear, filed bankruptcy in 2009.