Report: Jos. A Bank Bids to Buy Men’s Wearhouse

Carroll County based Jos. A Bank Clothiers, Inc. announced its offer to buy Men’s Wearhouse, Inc. for $2.3 billion on Wednesday, according to The Baltimore Sun.

The newspaper reports Jos. A Banks wants to make the acquisition to jump start its own growth.

Both retailers operate stores in Bowie. 

The possible sale comes on the heels of Men’s Wearhouse Board of Directors firing George Zimmer, the company’s founder, in June because of concerns about the chain’s direction.

In a statement, the board explained firing Zimmer because it “was unable to convince any of the Board members of senior executives that his positions were in the best interests of employees, shareholders or the company’s future.”

Zimmer had been the face of the company and served as its spokesman in commercials that ended with the tagline: “You’re going to like the way you look.”