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Moss Bros Group Says Taken Decision To Temporarily Close All Stores Until Further Notice
Moss Bros Sees Effects Of Covid-19 To Result In Significant Reduction In Revenue And Profitability For FY
Brigadier Acquisition Company Announces Recommended Cash Acquisition Of Moss Bros
Moss Bros Group PLC is engaged in retailing and hiring formal wear for men. The Company operates through Moss Bros branded mainstream stores. The Company's segments include Retail and Hire. The Company offers various types of suits, skirts, jackets, trousers, coats, casualwear, ties, shoes and accessories. The Company offers clothing and accessories for various occasions, including weddings, prom, race day suit, tuxedo and black tie, interview attire and graduation. The Company also trades through Savoy Taylors Guild fascia. It has approximately 100 Moss Bros and Savoy Taylors Guild branded stores and over 20 Moss Bros outlet stores, which trade Moss Bros own brands and selected third-party brands, including Hugo Boss, Canali, Ted Baker, DKNY and French Connection. The Company has approximately 120 Moss Bros Hire outlets, which are contained within Moss Bros Retail and Savoy Taylors Guild Stores. The Company's sub brands consist of Moss London, Moss 1851 and Moss Esq.
8 St. John's Hill
Colin Nigel Porter
Non-Executive Independent Chairman of the Board
Chief Executive Officer, Executive Director
Chief Financial Officer, Director
Senior Non-Executive Independent Director
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* GROUP HAS TAKEN DECISION TO TEMPORARILY CLOSE ALL ITS STORES UNTIL FURTHER NOTICE
Moss Bros <MOSB.L> and N Brown <BWNG.L> added to a depressed outlook for British retailers on Thursday by saying fewer shoppers were visiting their stores, which would hit full-year results.
Moss Bros Group Plc expects to report an annual pretax loss, as the British suit retailer was hurt by fewer customers visiting its stores and as its rivals offered deep discounts to attract customers.
Asset manager Gatemore Capital Management, which often pursues activist campaigns at companies where it has bought shares, is poised to disclose a 10% stake in British suit retailer Moss Bros Group, Sky News reported on Sunday.
Gatemore Capital Management disclosed a 9.57% stake in British suit retailer Moss Bros Group on Monday, making the asset manager one of Moss' largest shareholder.
Moss Bros Group on Tuesday reported its first annual adjusted loss before tax since 2011 and abandoned its final dividend payout as the British suit retailer grappled with weak demand and the costs of Britain's planned exit from the European Union.
British suit retailer Moss Bros Group on Tuesday reported its first annual adjusted loss before tax since 2011 and abandoned its final dividend payout as it grappled with weak consumer demand and the fallout of Britain's planned exit from the European Union.
British suit retailer Moss Bros Group Plc warned on Friday of a challenging year ahead, even as its online sales rose nearly 30 percent for the 23-week period to Jan. 5.
British suit retailer Moss Bros Group Plc said on Friday its like-for-like sales for the 23 week period to Jan. 5 fell 1 percent, as the company was forced to give steeper discounts than planned in the post Black Friday period.
Shares in suit retailer Moss Bros Group Plc <MOSB.L> lost almost a third of their value on Friday as the company warned its full-year profit would take a substantial hit after hot weather and the World Cup kept shoppers away from stores.
British apparel retailer Moss Bros Group Plc expects full-year operating profit before items to be "materially lower" than market expectations as first-half like-for-like sales dropped, it said on Friday.
Moss Bros Group Plc <MOSB.L> said on Wednesday declines in like-for-like sales slowed in the first 15 weeks of the year, sending shares of the British apparel retailer and tailoring services provider up as much as 14 percent.
Apparel retailer and tailoring services provider Moss Bros Group Plc <MOSB.L> on Tuesday reported a drop in annual profit due on tough retail environment and supply issues and said retail comparable sales in the start of the new financial year also declined.
Shares in Moss Bros Group Plc <MOSB.L> shed a third of their value in early trade on Wednesday after the formalwear specialist said it expected profit for the year ending Jan. 2019 to be materially below market expectations.
* FOR YEAR ENDING JAN 26 2019, EXPECTS TO DELIVER PROFIT AT LEVEL MATERIALLY LOWER THAN CURRENT MARKET EXPECTATIONS
* ISSUES ITS TRADING UPDATE FOR 23 WEEK PERIOD FROM 30 JULY 2017 TO 6 JANUARY 2018
Formalwear specialist Moss Bros Group Plc <MOSB.L> reported a rise in comparable sales for the first half and said early responses to its autumn and winter ranges had been positive.
* APPOINTMENT OF ALEX GERSH AS A NON-EXECUTIVE DIRECTOR. HE WILL JOIN BOARD ON 1 NOVEMBER 2017 Source text for Eikon: Further company coverage: (Bangalore.email@example.com)
* Fy pretax profit from continuing operations rose 20.3 percent to 7.1 million stg
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