American Eagle acquires Todd Snyder for 11 million dollars

New york - When you think of American Eagle, you don't exactly think of a contemporary men's wear label with pieces that usually cost a few hundred dollars. That's a thought you'd have when you think of Todd Snyder, who was bought for 11 million dollars in cash and stock by American Eagle in a deal that was announced this morning by WWD. Todd Snyder's appeal to American Eagle went beyond the designer's namesake men's wear label, however.