Moss Bros Group has been subject of a takeover deal by Brigadier Acquisition Company
Moss Bros Group has been subject of a takeover deal by Brigadier Acquisition Company in a £22.6m transaction.
Moss Bros is a heritage British formal wear retailer established in 1851. The firm has provided quality tailoring to generations of men, with in excess of 120 stores across the UK.
The ultimate shareholders of Brigadier have extensive experience in the apparel industry with businesses in several global markets and hope to use their experience and contacts to improve the performance of Moss Bros as a privately-owned company.
The transaction was complicated by the introduction of a nationwide UK lockdown and closure of retail stores due to COVID-19 approximately two weeks after announcement of the recommended acquisition.
Rothschild & Co advised on the sale of this transaction. For further detail please contact Jamie Hutton.