MMX has worked alongside Moss as trusted property advisors for some 10 years, mainly assisting on acquisitions and strategy across the store portfolio.
2020 proved a tumultuous year for Moss, the business was acquired, eventually, by Brigadier Acquisitions Company in a £22.6m purchase in June, however by December 2020 the business entered a CVA which was voted through by 80% of their creditors. At the time this was a worrying period for the brand, whose history dates back to 1851 when it started as a business in Covent Garden buying and selling second-hand clothes.
The result of the CVA put the business on a strong footing - having re-geared the majority of their stores that they wished to retain, reduced their head office costs and moved their distribution centre - meaning 2021 became a year of growth, capitalising on lower high street and town centre rents and buoyed by a resurgence in men’s shopping following the return to work.
The business has over 100 stores, of which MMX Retail have acquired 6 in the last 12 months and have a number of others currently under offer.
Over the course of the last few years MMX has acquired stores for Moss on Oxford Street, London W1, Eastbourne, Guildford, Brighton, Woking, Shrewsbury, Cheapside in the City and their flagship opening on Jermyn Street in London, the home of men's fashion. The future also looks bright with a string of stores under offer as the business is on a growth spurt with MMX entrusted to assist in store openings across the UK and southern Ireland as well as rightsizing in existing markets.
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