Men’s Wearhouse to Buy Joseph Abboud Brand

Men's Wearhouse Inc. has agreed to buy the company that owns the Joseph Abboud clothing brand for $97.5 million. The sale will reunite designer Joseph Abboud, who joined Men's Wearhouse as chief creative director seven months ago, with the brand he launched in 1987. Abboud cut ties with the New York company that owned the brand, JA Holding Inc., eight years ago amid disputes with investors and executives.