Wall Street Journal: “Men’s Wearhouse Interested in Allen Edmonds”
Many thanks to Pete S. who sent in the style tip on this one.
Men’s Wearhouse Inc. is pursuing a possible purchase of dress-shoe maker Allen Edmonds Corp., according to a person familiar with the matter. Such a deal could complicate Jos. A. Bank Clothiers Inc.’s unsolicited bid for Men’s Wearhouse.
Port Washington-based Allen Edmonds, the maker of high-end men’s dress shoes, is owned by private equity firm Goldner Hawn Johnson & Morrison of Minneapolis. Reuters reported in July that Goldner Hawn was looking to sell, but Paul Grangaard, Allen Edmonds president and CEO, denied the report. He said the company was actually seeking new capital to help it expand, although he didn’t rule out a sale.
Grangaard could not immediately be reached for comment Tuesday afternoon.