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.
Bidding for Jack Wills is getting under way with reports saying six interested parties are in the race. They’re said to include the UK’s two most acquisitive retail tycoons, Mike Ashley and Philip Day.
A subsidiary of Crew Clothing has acquired Saltrock, a Devon-based leisurewear brand, via a pre-pack deal immediately after it fell into administration on Friday. The deal will save 25 stores and 162 jobs.