Announced
Completed
Synopsis
Regiment Acquisition Company, which is majority owned and controlled by Menoshi Shina, the owner of Crew Clothing, completed the acquisition of Moss Bros Group, which is engaged in retailing and hiring formal wear for men, for £23m. "In September, the board of Moss Bros set out its strategy to drive Moss Bros' long-term performance and we have seen some early positive results which support the Board's confidence in Moss Bros as a standalone entity. However, the Board is also aware of the risks attached to executing this strategy in the current retail operating environment and as a publicly-listed company. Having considered a range of strategic options, the Board believes that the terms of the Acquisition, which offers a premium cash exit to Moss Bros' Shareholders, fairly reflect the value of Moss Bros and its prospects, taking account of these risks," Colin Porter, Moss Bros Chairman.
Show Details & Financials
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.