Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Laura Ashley raises stake in Moss Bros

Laura Ashley has increased its stake in beleaguered menswear retailer Moss Bros to 5.6%.

A notification to the stock exchange yesterday revealed Laura Ashley had purchased a further 165,750 Moss Bros shares at 45.86p. In January, Laura Ashley raised its stake in Moss Bros to 4.44%. It has increased its stake on a number of occasions in recent months.

Last week, Moss Bros received an indicative cash offer of 42p a share from a consortium led by Icelandic giant Baugur but the offer has angered family shareholders who are encouraging other investors to make a rival bid for the firm. Laura Ashley has been linked with a possible rival offer.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.