Moss Bros Share Discussion Threads

[cockneyrebel] 04/7/2009 10:58

Moss Bros moots hire tie-up with indies

Moss Bros has laid down the gauntlet to other high street chains to collaborate with independent retailers with plans to launch Moss Bros Hire departments in menswear indies across the country.


The retailer, which runs the biggest menswear hire business in the UK through its Moss stores, is looking at ways to leverage its position and grow its hire business.
Moss Bros chief executive Brian Brick said this could include partnerships with other retailers, including menswear independents.

Brick stressed that no firm plans had been made, but said he was open to looking at putting Moss Bros Hire operations into other retailers including good independents. It is unclear whether Moss Bros will revisit opening hire departments in high street chain Burton, an idea first mooted last autumn.

Last week, retail guru Mary Portas called in Drapers for more multiples to join up with indies to fight back against the downturn and ghost-town phenomenon.
A Moss Bros partnership would be a boost for menswear indies, many of which have been hit hard by the downturn as men tend to cut spending on discretionary items such as clothing more significantly than female shoppers.

Some classic menswear indies already have hire departments but are likely to be interested in partnering with an experienced multiple which has critical mass.
Brick said: "I'm reviewing the strategy and looking at the strengths of the business to see what we could and couldn't do. We have a very good brand in Moss and Moss Hire has a lot of potential."
He added: "We have the number one brand in hire and there is potential for growth."

Brick said the hire business was performing relatively well in the economic downturn. Despite increased competition from supermarkets and discount retailers - George at Asda introduced a £49 tuxedo last year - Brick said Moss Bros had not felt pressure to alter its hire pricing and said there were no plans to do so.

"The wedding business is robust, but black tie is less so as there are fewer functions," added Brick. School-leaver and prom events are also boosting the hire sector.

[cockneyrebel] 03/7/2009 11:28

Creeping up again - nobody wants to sell - and you can understand why imo :-)

CR

[cockneyrebel] 02/7/2009 10:11

Agree about the cash, nealy half the mkt cap.

Net tangible assets greater than the market cap too I think.

CR

[cockneyrebel] 02/7/2009 10:05

There was 150K buys yesterday, no sells.

I can't find that sort of buy volume in one day in months.

CR

[incorrigible] 01/7/2009 17:50

hope so jane - hope we don't get kaned, janekane

[janekane] 01/7/2009 16:40

things are looking up we just had an auction for 30000
haven't seen that with this stock for a long time

[janekane] 01/7/2009 15:14

looking good its got lots of cash and is trading well
this has been on the takeover radar for a few years
wonder if this is the one when it happens

[cockneyrebel] 01/7/2009 15:06

Well there's buyers today - good read across from MKS perhaps.

Don't think those guys trying to buy at 20p on the order book are going to get them - chart's looking better and better imo.

CR

[incorrigible] 22/6/2009 21:36

me too - nice to see some big director buys recently

bid or sharp turnaround - either will do me

i think, though, that shorters are still trying to move back to bear territory wrt the market as a whole - there were reports in papers at the weekend that swine flu could delay the recovery for about two years - personally, i'm reading between the lines and saying that's shorters scaremongering...

but WTFDIK...

good luck all

[cockneyrebel] 22/6/2009 16:36

Yes, I'm in incorrigible.

I dunno about a bid, I'm in for a sharp turnaround.

The New CEO beith the guy behind Suits You looks the right guy to have. He seems to have seen how badly these were run when he was a non-exec and has stepped up to the plate.

The new non-exec he has put in place from MKS also looks a decent addition. Both are buying shares which is nice to see.

They sound upbeat on new ideas for the business too and coming from the former Suits You guy that sounds good too.

These fell right to me - been an age since these performed as they should, director changes are the catalyst imo.

CR

[janekane] 18/6/2009 22:16

looks like my investment here may give a good return
director buys 111k
you have to ask your self why!!
simple its going to go higher

[janekane] 17/6/2009 16:08

took a small position hope for a swift return

[cockneyrebel] 17/6/2009 12:04

Chart breaking out.

CR

[cockneyrebel] 15/6/2009 14:15

110K director buy I see.

CR

[davidrigby] 10/5/2009 20:54

about time there was

[davidrigby] 04/5/2009 18:43

no news then

[incorrigible] 27/3/2009 16:43

aaagaa do do do push pineapple shake a tree

[davidrigby] 27/3/2009 16:29

who who who

[westcoastrich] 27/3/2009 09:07

bid bid bid!!!

[davidrigby] 27/3/2009 08:00

Our biggest job is supplying suits for weddings and at very lucrative profit margins

[she-ra] 26/3/2009 18:36

empirestate - But cash keeps dwindling and whether Britain is smartening self up or not Britain is losing jobs and therefore no need for a wardrobe of new suits.I see that argument that people who are looking for employment will need suits for interviews but you buy what you can afford.

[davidrigby] 26/3/2009 18:32

should be in the 30's but this market is dire and the prices do not reflect the companies worth