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This week in history...

…This week last year Baugur made the final of its many plays for Moss Bros.

Baugur made an indicative offer for Moss Bros of 42p a share. What followed was a flurry of share buying with Laura Ashley and Greenwoods founder John Hanson both taking stakes in the company. The Moss family were against the bid and Baugur eventually withdrew after it became clear shareholders would attempt to block a sale. Baugur eventually went on to sell its 29.5% stake in the business to Sir Philip Green in October for £6.7 million after the investment firm was rocked by the collapse of the Icelandic banks. Shortly afterwards Green sold the stake on to a Trust represented by menswear supplier Simon Berwin, netting himself a profit of around a £1.2 million in the process.

Meanwhile, this week in 2005 retail entrepreneur and co-founder of Karen Millen Kevin Stanford took a controlling stake in young fashion chain All Saints. At the time All Saints had 12 stores and sales of around £13.5 million. Stanford and his team have subsequently grown the business dramatically. Its sales almost doubled last year to around £104m and EBITDA finished the year ended January 31 at between £12 and £13m.

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