Summary
TWO long-established names in the retail clothing business, Austin Reed and Moss Bros, are believed to be on the brink of being put into takeover play with key shareholdings in the companies set to change hands.
It is understood Kevin Stanford, co-founder of the Karen Millen clothing chain, is poised to buy the 22.6 per cent stake in Moss Bros held by the clothing entrepreneur Shami Ahmed.See the full content of this document
Extract
Changes That Could Suit Clothing Chains
Stanford already has 5.6 per cent of Moss Bros, so taking Ahmed's holding will take him up to 28.2 per cent - just short of the 30 per cent...
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