30-08-2020 14:53 via retailgazette.co.uk

125 stores at risk as Moss Bros drafts in KPMG advisers

// Moss Bros turns to KPMG to handle a restructuring process
// The retailer continues to struggle with trading amid the Covid-19 pandemicMoss Bros is reportedly undergoing a restructuring process after its sales continued to be affected by the cancellation of Royal Ascot and the implementation of banning large weddings.
The menswear retailer has drafted in advisers from KPMG to consider a CVA, which would result in the closure of some of its stores while also reducing rents on others, The Times
Read more »