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Moss Boss looks for suitable supply chain revamp
Menswear chain Moss Boss is to develop its Asian supply chain in an attempt to offset the damage caused by rising inflation and a gloomy consumer outlook.
Company chief executive, Philip Mountford, said that like-for-like sales for the first 19 weeks of the year were down 1.5 percent, forcing Moss Bros to examine its approach.
"The men's retail market continues to be extremely challenging, but management believes the business is well set up to navigate this difficult period," he said in a statement.
"With the distraction of a potential takeover bid now removed, management's attention and energy will be re-focused on driving the business," said Mountford.
Last month Iceland-based Baugur Group, said it was abandoning plans for a 42-pence-a-share bid for the menswear chain.
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