// Moss Bros to reopen website from Wednesday
// The retailer’s online operations have been closed for 8 weeks
Moss Bros has revealed plans to reopen its online operations from Wednesday, after being closed for eight weeks due to the Covid-19 pandemic.
The menswear retailer said it has “implemented the necessary operational changes” to protect employees and will operate with a reduced workforce.
Moss Bros stopped selling online on March 26, three days after the coronavirus lockdown was enforced.
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It is also developing plans to reopen its stores in an “orderly manner”, following the government’s update on the phased reopening of stores from June 1.
Moss Bros said it has taken steps to reduce costs and conserve cash during the lockdown period, such as using the government’s furlough scheme, implementing salary reductions for continuing employees, including the board who have reduced their salaries by between 60 per cent and 70 per cent.
Other steps include making redundancies where “necessary and unavoidable”, pausing all non-essential capex, actively engaging with suppliers regarding discounts and extended payment terms, and with landlords regarding rent holidays and deferrals.
In late April, Crew Clothing owner Brigadier Acquisition Company said it was looking to pull its £22.6 million deal to take Moss Bros private just over a month after agreeing the takeover.
Moss Bros said the company was seeking a ruling from the City Takeover Panel to invoke a condition of its offer to scrap the deal.
It comes after Moss Bros was forced to close all its stores due to the lockdown less than two weeks after sealing the deal with Brigadier.
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