News

Shares of Moss Bros soared to an eight-year high in London trading after the suit hire and retailer unexpectedly said it will boost its dividend.

We are facing lean times, say retailers

TWO retailers reported signs of consumers shifting upmarket in their buying patterns yesterday though they said higher interest rates, falling tax reliefs and increased competition would make 1998 a difficult year on the high street.

Directors share sales

Highland DistilleriesJ.Wilson 20,000 317.00 5,853 63400

The Investment column: Moss Bros surges ahead of rivals

Men are a nightmare for fashion retailers. Unlike women, the average man rarely buys clothes on impulse and when he is finally forced into a shop, he gets all tight-fisted about opening his wallet. Burton have been complaining about the difficult menswear market for years. How is it, then, that Moss Bros, a pure menswear retailer, keeps doing so well?

ANY COLOUR, AS LONG AS IT'S GREY

What is it with men and weddings? For every Gazza in pounds 5,000-worth of Favour Brooks nuptial clobber, 100 quieter types will tie the knot in the standard grey hired number. Matthew Sweet paid a visit to his local Moss Bros to try to pin down the appeal of the 'Classic' and the 'Sterling'

People & Business: London's answer to the International Trade Centre

Goodbye NatWest Tower, hello International Financial Centre.

The Investment column: Moss Bros keeps going like Blazers

Moss Bros, a name synonymous with suit hire, is hardly a company to set investors' pulses racing. Yet, after a poor recession, Moss has been quietly building a very decent menswear business, for long the Cinderella of the retailing world. The shares, below 800p as recently as a year ago, have more than followed suit, rising another 15p to pounds 13.975 yesterday, near recent highs.

Moss Bros plans Yves Saint Laurent store

Moss Bros is to open an Yves Saint Laurent menswear store in London this spring, the first time the designer has opened a dedicated mainstream fashion store for men, writes Nigel Cope.

Getting richer is lovelier the second time around

The sale of Pet City underlines a rash of similar sales by entrepreneurs who are making their second fortune. Giles Clarke and Richard Northcott, co-founders of the company, are already rich from previous businesses they built up and then sold.

Racing Green sold for pounds 19m

Retail entrepreneur David Krantz netted his second high street fortune yesterday when he sold the Racing Green mail order and stores group to Burton for pounds 19m.

Themed pubs at heart of high-street gold rush

There is no doubt that the leisure and retailing businesses on the receiving end of consumer spending are feeling a lot more optimistic than they have for years.

Austin Reed tailors its look: The Investment Column

Austin Reed has done well to bounce back from the disaster of 1995/96 when the men's and women's clothes retailer paid the price for ditching its classic women's business suits in favour of a less structured, casual look. The spring and autumn ranges were spurned by customers forcing two profits warnings and an eventual halving in the group's pre-tax profits to pounds 3.4m.

Smarter fashions suit Moss Bros

The Investment Column

Storehouse sells Blazer to Moss Bros for pounds 7.1m

Moss Bros, the menswear retailer, acquired a nice line in casual wear yesterday when it paid Storehouse pounds 7.1m for Blazer, the chain of 28 men's clothing stores.

Burton recovery shapes up with 31% growth

The recovery of the Burton retail group continued yesterday when the company reported a 31 per cent increase in profits driven by improved performances from its chains stores such as Top Shop, Burton Menswear and Dorothy Perkins.
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