Womenswear and furniture retailer Laura Ashley has revealed that it has built a 3.39 per cent stake in Moss Bros.

The revelation comes in the same week that Baugur said it was considering a potential bid for the menswear retailer. It is not clear what Laura Ashley’s intentions are towards Moss Bros. Laura Ashley was unavailable for comment.

Separately, Retail Week has learned that the Moss family could move to block a bid to buy Moss Bros unless a significant premium is added to its share price.

Sources close to the family said a bid at the current share price, which values the menswear chain at about£40 million, would not be supported because it severely undervalues the retailer.

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