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Moss Bros Group (MOSB)

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Up 19.75p
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Moss Bros rallies as Gatemore Capital takes 9.6% stake

10 Jun 19

LONDON (ShareCast) - (Sharecast News) - Shares in Moss Bros rallied on Monday as it emerged that Gatemore Capital Management has taken a 9.57% stake in the menswear specialist.
The asset manager took an 8% stake in fashion retailer French Connection back in 2017.

In a trading update in May, Moss Bros said it was on track to meet market expectations for the full year. The company said total sales for the business were up 1.5% in the 15 weeks to 11 May, with total like-for-like sales 0.2% lower.

Sales from the hire department were down 15.6% on the year, meanwhile.

Chief executive Brian Brick said at the time: "We are making progress on last year, having recovered from the stock issues and improved our supply chain. Retail and e-commerce sales have shown further improvement against this backdrop. Although Hire continues to disappoint, it is clear this is reflecting a switch from Hire to retail with the new Tailor Me range."

At 1005 BST, the shares were up 5.2% at 21.77p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 19.75p
Change Today 0.20p
52 Week High 46.70p
52 Week Low 18.75p
Volume 10,800
Shares Issued 100.97m
Market Cap 19.94m


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Amount 1.50p 1.97p