Brentwood's Allen Edmonds Buy Lulls Men's Wearhouse Buzz

Law360, New York (November 5, 2013, 5:23 PM EST) -- California investment firm Brentwood Associates will buy upscale shoe maker Allen Edmonds, it said late Monday, throwing cold water on speculation that Men's Wearhouse Inc. — itself in the crosshairs of a takeover campaign — was planning to swoop in with a bid.

Neither Brentwood nor Allen Edmonds disclosed the financial terms of the transaction. The deal will lift ownership from another private equity firm, Minnesota-based Goldner Hawn Johnson & Morrison, which scooped up the company in 2006 and guided it to record-setting growth.

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