
As fashion rental services go this is claiming to be a UK first. US-based B2B rental tech platform CaaStle is expanding overseas to power a subscription rental service with UK menswear retailer Moss Bros from 20 April.
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As fashion rental services go this is claiming to be a UK first. US-based B2B rental tech platform CaaStle is expanding overseas to power a subscription rental service with UK menswear retailer Moss Bros from 20 April.
The latest results from now-privately-held Moss Bros saw it reporting a pre-tax loss for the year to last January. And the pandemic has been a problem since then, although its online sales have risen.
Moss Bros has been given the green light to press ahead with its major restructuring plans having gained company voluntary arrangement (CVA) approval.
Another day, another CVA. Lingerie and sex toy retailer Ann Summers has launched a restructuring plan under a now-common option, a Company Voluntary Arrangement.
Crisis-hit Moss Bros has launched a CVA proposal as it works towards restructuring its fixed cost base on the back of the Covid crisis and a second wave of lockdowns that have “severely impacted” its trading.
Multichannel British lifestyle brand FatFace has named Colin Porter as its new non-executive chairman, replacing Stuart Rose who left in the autumn.
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.
The news that activist investor Gatemore has built up a 3.4% stake in Superdry has refocused attention on the recovery prospects for the former high-flying company.
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.
It looks like the £22.6 million takeover of Moss Bros will go ahead after the previously reluctant bidder withdrew its attempt to abandon the deal.