Men's Wearhouse to acquire Joseph Abboud brand
Carole Sloan -- Home Textiles Today, July 19, 2013
Fremont, Calif. - Specialty apparel chain The Men's Wearhouse has signed an agreement to acquire JA Holding, parent company of the Joseph Abboud clothing brand as well as the owner of the Joseph Abboud Home, Joe Joseph Abboud, Joseph Abboud Boys brands.
The deal for approximately $97.5 million in cash is expected to close during the third quarter. JA Holding is currently majority-owned by funds affiliated with J.W. Childs Associates, L.P.
Menswear designer Joseph Abboud launched the brand in 1987. He has served as chief creative director of Men's Wearhouse since December 2012.
Joseph Abboud Home licensing agreements in in home textiles include Sam Salem for fashion bedding and Nourison for rugs.
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