Men's Wearhouse Explores Selling K&G Unit
Men's Wearhouse is considering a divestment of its K&G Superstores discount unit. The company said it has hired investment bank Jefferies & Co. to help it "in evaluating strategic alternatives for our K&G operations."
At the end of February, Men's Wearhouse operated 97 K&G outlets, compared to 638 of its flagship stores. In fiscal 2012, the unit posted $365.9 million in net sales, or 15% of the company's total. It was, however, the only one of the firm's four business lines to see a decline in net sales in both the fiscal year, and in Q4.
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