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August 28, 2008

One of the founding families of Moss Bros, the 100-year British suit retailer, has all but sold out of the business following a reshuffle of the company’s board of directors.

One of the founding families of Moss Bros, the 100-year British suit retailer, has all but sold out of the business following a reshuffle of the company's board of directors.

Moss Bros has announced that Rowland Gee is stepping down from the company's board as non-executive director, leaving the Gee family stake at roughly 0.5%, down from 8%. The Moss family currently retains a stake of about 18%.

February 26, 2008

A takeover bid from an Icelandic investment firm threatens to divide a family-owned clothing company.

A takeover bid from an Icelandic investment firm threatens to divide a family-owned clothing company. Men's clothing firm Moss Bros has received a takeover bid of €0.55 per share from Baugur, the Iceland-based investment group, which values Moss Bros at approximately €53 million.

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