Moss Bros news and archive

Moss Bros 2022 sales, profit up as formalwear demand surges

British menswear retailer Moss Bros experienced a jump in sales and profitability last year as it continued to see a surge in demand for formalwear post pandemic. Like many formalwear retailers, Moss Bros was hit hard by the pandemic, not only by store closures but also by the cancellation of social gatherings and large events such as weddings...

Business

Moss Bros and THG among retailers introducing return fees

A number of retailers have said they would be introducing a fee for shoppers looking to return items bought online just one week after the busy holiday season. THG, Moss Bros and Mountain Warehouse have announced the new condition, according to The Telegraph, as return rates continue to increase. Beauty conglomerate THG, which owns the likes of...

RetailFeatured

Moss Bros announces four new store openings

British menswear retailer Moss Bros has announced plans to open four new stores in the next three months, bringing its total store count to 106. The new locations include a 2,059 square foot flagship store on Jermyn Street in London, which will open on July 28, as well as another 1,390 square foot London store in Canary Wharf, which opened on...

BusinessFeatured

Moss Bros annual turnover, EBITDA improve as lockdown ends

Moss Bros has reported a year-on-year increase in annual turnover and has swung to an EBITDA profit as social events returned following the end of the UK’s third lockdown. The retailer made a turnover of 93.1 million pounds in the year to January 2022, a 141 percent increase on a year earlier, but still 27 percent below pre-pandemic levels from...

BusinessFeatured

Moss Bros gets green light for CVA

Moss Bros has received the green light from its creditors to go ahead with a company voluntary arrangement (CVA). The British formalwear brand, which operates from 128 retail stores and employs around 800 staff, launched its CVA proposal last month following a difficult year for the company that saw it struggle with both store closures and the...

BusinessFeatured

Moss Bros launches CVA proposal

British formalwear brand Moss Bros has launched a company voluntary arrangement (CVA) proposal following a difficult year for the company battling store closures and the cancellation of large events. The company, which operates from 128 retail stores and employs around 800 staff, is looking to use the CVA to reduce its rents, according to Retail...

BusinessFeatured

Moss Bros mulls CVA

British formalwear brand Moss Bros is reportedly mulling a company voluntary arrangement (CVA). The brand has called in advisory firm KPMG to work on a potential CVA which could lead to store closures and rent cuts, The Times reports. It comes after talks between the brand and its landlords failed to reach an agreement to turn some of its store...

BusinessFeatured

Moss Bros sale salvaged as suitor abandons exit attempt

The sale of Moss Bros will go ahead following a back and forth in recent months between the brand and its suitor, Crew Clothing-owner Brigadier Acquisition Company Limited. So what exactly happened? The 22.6 million pound deal for Brigadier to take the 169-year-old brand private was originally announced in March, before the harsh impact of...

BusinessFeatured

Moss Bros buyer looks to pull out of 22 million pound deal

The future of British menswear tailoring brand Moss Bros has been cast in uncertainty after its buyer made a U-turn on its planned 22.6 million acquisition of the brand. Moss Bros announced Wednesday that Brigadier Acquisition Company Limited, the owner of Crew Clothing, is seeking a ruling from the Takeover Panel to cancel its offer. But Moss...

Business

Moss Bros delays full-year results

Moss Bros has announced it will postpone publishing its full-year from late May to late July in light of the government’s new temporary relief measures. Last month, the company warned of a significant reduction in revenue and profitability for the year ending 30 January 2021, adding that prior to 13 March it had been trading as expected and was...

Fashion

Ted Baker and Moss Bros launch the eco suit

Ted Baker has launched a sustainable men’s suit exclusively for Moss Bros that has been tailored from fine wool and recycled plastic bottles. The Alter Eco Suit presents a sustainable twist on tailoring constructed from a fine wool blended with fibres from recycled plastics, blending naturally renewable wool with stretch and fibres made from...

BusinessFeatured

Moss Bros swings to loss, first time since 2010/11

Moss Bros Group Plc in its preliminary results statement, covering the period from to January 26, 2019 said adjusted loss before tax was 0.4 million pounds (0.5 million dollars) compared to profit before tax of 6.7 million pounds restated in 2017/18. Statutory loss before tax was 4.2 million pounds (5.5 million dollars) compared to profit of 6.7...