Men's Wearhouse Interested in Allen Edmonds

Men's Wearhouse is pursuing a possible purchase of dress-shoe maker Allen Edmonds, according to people familiar with the matter — and Jos. A. Bank Clothiers has a vested interest in the outcome. Such a deal could complicate Jos. A. Bank's own unsolicited — and spurned — bid for Men's Wearhouse. In order to pull off its cash bid for Men's Wearhouse, an offer valued at $2.3 billion, Jos. A. Bank would need to raise a significant amount of debt.