Struggling menswear retailer Moss Bros has drafted in KPMG as it considers closing stores and slashing jobs in a bid to ride out the pandemic.
The business has been hit hard by coronavirus restrictions on big annual events such as Royal Ascot, as well as large weddings and other formal events, and as a result is mulling a CVA, according to The Sunday Times.
In the latest blow to high street landlords, the retailer has drafted in KPMG to advise on a company voluntary arrangement to permanently shutter some of its 125 stores and slash rents on others.
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