Moss Bros drafts in advisers as it mulls possible CVA

Moss Bros

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. 

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.