Iceland's Baugur is smartening itself up to bid for down-at-heel Moss Bros

From: The Sunday Telegraph London | Date: December 24, 2006| Author: JAMES HALL | Copyright information

MOSS Bros is likely to receive a pounds 80m bid from Baugur, the Icelandic investor and its largest shareholder, following the menswear group's trading update at the end of January, according to a senior executive close to the company.

Moss Bros has struggled in the face of stagnant sales and the menswear sector is going through a period of consolidation. The executive predicted that Baugur, which is slowly consolidating the UK clothing sector, will "definitely'' make an offer for the...

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