J.W. Childs Associates has agreed to sell the parent company of menswear designer Joseph Abboud to The Men's Wearhouse (NYSE: MW) for about $97.5 million. Joseph Abboud makes tailored clothing for men and offers accessories, luggage, footwear, eyewear and home furnishings. Its founder has been serving as chief creative director of Men's Wearhouse since last December. J.W. Childs acquired Joseph Abboud in March 2004.