Brigadier Acquisition Company, which is managed by Menoshi Shina, operator of Crew Apparel, has agreed to pay 22p a share for the menswear tailoring business. The acquisition is envisioned to be done in the second quarter of 2020.
Shina reported: “We are delighted that the administrators are recommending our provide to receive the business, as we considerably admire the heritage and 169-calendar year history of Moss Bros and the good quality and perseverance of its existing administration staff.
“We believe that Moss Bros can have a vivid foreseeable future in the private arena, and are excited to lead our expertise and guide in delivering the existing system. We see the acquisition as an prospect to partner with an excellent administration staff to enhance Moss Bros’ financial general performance and protect its heritage, brand name and existence on the Uk substantial street.”
Colin Porter, chairman of Moss Bros, reported: “In September,