NEW YORK, Nov. 12, 2013 /PRNewswire/ -- Eminence
Capital, LLC, which owns 9.8% of the common stock of The Men's
Wearhouse, Inc. (NYSE: MW) and is the single largest
shareholder, today sent the following letter to the company
regarding a business combination with Jos. A. Bank Clothiers,
Inc. (NASDAQ: JOSB) or other strategic alternatives.*
November 12, 2013
Mr. Doug Ewert
Chief Executive Officer
The Men's Wearhouse, Inc.
6380 Rogerdale Road
Houston, Texas 77072
Dear Doug:
Thank you for your call yesterday. We were encouraged by
your comments, specifically your assurances that the Board of
Directors of The Men's Wearhouse, Inc. (MW) takes its fiduciary
duties seriously and that you instructed your financial advisors to
review for the Board all strategic options available to the
company, including a significant return of capital to shareholders
and a merger with Jos. A. Bank Clothiers, Inc. (JOSB). We
strongly encourage you to promptly complete your review process and
inform investors of your progress. We also fully expect you
and the Board, given the explicit commitment to explore all
options, to actively engage with JOSB before their deadline of
November 14, 2013.
We and all the other shareholders of Men's Wearhouse look
forward to a public progress report in the coming days.
Best regards,
/s/ Ricky C. Sandler
Ricky C. Sandler
Chief Executive Officer
Eminence Capital, LLC
*Eminence Capital's first letter to The Men's Wearhouse was sent
on November 7 and can be found at
http://www.sec.gov/Archives/edgar/data/1107310/000090266413003597/0000902664-13-003597-index.htm.
About Eminence Capital, LLC
Eminence Capital, LLC is an asset management firm founded in
1998 that currently manages approximately $4.6 billion on behalf of institutions and
individuals. The firm employs a bottom-up, research-driven
investment strategy that utilizes a combination of industry
research, rigorous financial analysis and dialog with company
management to execute its investment process.
For More Information Contact:
Scott Tagliarino/Catherine
Jones
ASC Advisors LLC
(203) 992-1230
SOURCE Eminence Capital, LLC