The Men’s Wearhouse (NYSE: MW) is buying JA Holding Inc., the parent company of clothing brand Joseph Abboud, for $97.5 million in cash.

Joseph Abboud makes brands for men, boys and home. The products are available in department stores and specialty stores. Joseph Abboud, the founder of the brand, has served as Men’s Wearhouse’s creative director since December.

Men’s Wearhouse, headquartered in Houston, has more than 1,100 stores in North America that sell suits, sport coats, furnishings and accessories. The company also operates Moores and K&G stores.

The deal also gives Men’s Wearhouse the brand’s U.S. clothing factory. The company plans to finance the sale with cash on hand or proceeds from its existing credit facility. The deal is expected to close in the third quarter.

Private equity firm J.W. Childs LP purchased Joseph Abboud in 2004. The Waltham, Mass.-based firm focuses on retail businesses, and is currently invested in Brookstone, Mattress Firm and Sunny Delight Beverages Co.

J.P. Morgan Securities LLC is serving as Men’s Wearhouse’s financial adviser, while Willkie Farr & Gallagher LLP is providing legal advice. North Point Advisors is acting as JA Holding’s financial adviser, while Kay Scholer LLP is legal counsel. 

Other recent retails deals include Joe's Jeans Inc.'s (Nasdaq: JOEZ) purchase of Hudson Clothing Holdings Inc. and LVMH Moet Hennessy Louis Vuitton SA deal to buy 80 percent of Italian cashmere clothier Loro Piana SpA.

For more on the retail sector, see "Retail M&A: TIme-Tested Brands Sell."