Moss Bros is mulling closing stores as the men’s formalwear specialist deals not only with the aftermath of the lockdown that hurt retailers generally, but the cancellation of many events on which its business depends.
Moss Bros is launching one-to-one in-store appointments as it starts to open its shops again this month. The move will help it "style customers in a way that will give them confidence and security," it said.
A Moss Bros shareholder has reacted angrily to Brigadier Acquisition Co's attempt to get out of its deal to buy Moss Bros after Covid-19 dented its prospects. It's also unclear whether the cancellation would be allowed.
It looks like the company that was planning to take over Moss Bros is getting cold feet with Brigadier Acquisition (which owns Crew Clothing) having applied to the UK's takeover panel to let its 22p a share offer lapse.