Jos A Bank says scouting for acquisitions

June 21 Fri Jun 21, 2013 5:01pm EDT

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June 21 (Reuters) - Men's apparel and accessories retailer Jos A Bank Clothiers Inc said on Friday it was considering strategic options, including acquisitions, to fuel growth.

The company, established in 1905, said no timetable has been set for any acquisition.

Jos A Bank said it was being assisted by investment banking firm Financo LLC.

Rival Men's Wearhouse Inc on Wednesday ousted its Executive Chairman and founder George Zimmer and postponed its annual shareholder meeting in order to renominate existing directors without Zimmer.

Jos A Bank shares closed at $39.63 on the Nasdaq on Friday.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.