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moss bros

November 13, 2008

Sir Phillip Green, the billionaire retail magnate, has reportedly bought the 28.5% stake in UK suit retailer Moss Bros held by Icelandic investment firm Baugur.

Sir Phillip Green, the billionaire retail magnate, has reportedly bought the 28.5% stake in UK suit retailer Moss Bros held by Icelandic investment firm Baugur.

Baugar’s position as the company’s largest shareholder became untenable following the collapse of Kaupthing, one of the banks caught up in Iceland’s financial crisis, through which the stake was held.

It is a rapid decline for Baugur who in May attempted a takeover of Moss Bros for the second time. Both attempts were thwarted by the founding Moss and Gee families.

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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