Fashion Investments and M&A

Date: June 2020
Buyer: Brigadier Acquisition Company
Target: Moss Bros
Business: Menswear tailoring business
Value: £22.6 million
Details: Brigadier Acquisition Company agreed to pay 22p per share in Moss Bros to take Moss Bros private in March 2020. Brigadier attempted to retract the offer and after some back and forth with the Takeover Panel as to whether the offer could be withdrawn, the Takeover Panel has ruled that Brigadier must proceed with the offer and the transaction is expected to complete this month.