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Jos A Bank says scouting for acquisitions
June 21, 2013 / 9:18 PM / 4 years ago

Jos A Bank says scouting for acquisitions

(Reuters) - Men’s apparel and accessories retailer Jos A Bank Clothiers Inc JOSB.O 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 MW.N 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.

Reporting By Maria Ajit Thomas in Bangalore; Editing by Maju Samuel

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