2008 was Philip Mountford’s most challenging year yet at the helm of the UK’s largest men’s suiting specialist, Moss Bros.
Halfway through the year the chief executive faced tough questions from shareholders after the departure of former chairman Keith Hamill and Icelandic investor Baugur’s decision to pull out of a £40 million bid for the business.
Much can change in six months and with hindsight Mountford will be wiping his brow with relief. More recently, Moss Bros had the jitters following news that Sir Philip Green had taken a 28% stake in the business, only to breathe a sigh of relief on news that menswear supplier Simon Berwin had bought the stake. The year ended with more instability at Moss Bros following a profit warning and news that the company is making a fifth of its head office staff redundant.