Skip navigation

Gloucestershire Business News

Wedding ban hits suit retailer

Men's formalwear retailer Moss Bros is going through restructuring, after its sales were hit by a ban on weddings and the cancellation of Royal Ascot.

The retailer has stores in Cheltenham and Gloucester, although the Gloucester store currently remains closed.

Moss Bros is working with advisers from KPMG to consider a CVA, which would result in the closure of some of its stores and a reduction in rent at others, as reported by Retail Gazette.

It is thought that talks to date with landlords to move to turnover rents have not been successful.

The retailer has 125 stores across the UK and employs around 1000 people. It was acquired by Crew Clothing owner Menoshi "Michael" Shina for £22 million in March, just days before all non-essential retailers were forced to close.

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, September 25 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, September 25

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

Marketing Gloucester report passed on to police Image

Marketing Gloucester report passed on to police

The leader of Gloucester City Council has confirmed a report into the financial collapse of Gloucester Marketing has been referred to Gloucestershire police.

Gloucester construction company on track to deliver 258,000sq ft Silverstone Park Image

Gloucester construction company on track to deliver 258,000sq ft Silverstone Park

An enterprise zone development being built by Barnwood Construction is due to be completed by its December deadline.

Council agrees delayed plan for next four years Image

Council agrees delayed plan for next four years

Cotswold District Council has approved its key objectives over the next four years after its agreement was delayed and updated due to the onset of the coronavirus pandemic.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.