Moss Bros to be bought by Crew Clothing owner Michael Shina

By Luke Tugby2020-03-12T07:48:00

Moss Bros is set for a return to private ownership after agreeing terms on a cash bid from the owners of Crew Clothing.

The board of the formal menswear business has accepted an offer of 22p per share – a 60% premium on yesterday’s closing price – from Brigadier Acquisition Company Limited.

The offer values Moss Bros at £22.6m.

Brigadier is owned by Regiment Acquisition Company, which is in turn majority owned and controlled by Crew Clothing owner Michael Shina.

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