×
472
Fashion Jobs
INDIA SHELTER FINANCE CORPORATION LIMITED
Area Branch Manager
Permanent · Chennai
JOB INDIA
Area Sales Manager- Operations (Garment Retails)
Permanent · Gurugram
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Merchandising Manager/Quality Manager - Garments Manufacturing Company
Permanent · Bhiwandi
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Officer Hrbp / Business HR For Garment/Textile/Apparel Industry
Permanent · Bengaluru
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Mumbai
Permanent · Bengaluru
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Rajahmundry
Permanent · Rajahmundry
ZYDUS WELLNESS
Zydus Wellness - Factory Manager - Sikkim Plant
Permanent · Atlanta
ANUSHÉ PIRANI
Social Media & Fashion Communications
Permanent · MUMBAI
HARSH CLEAN DHAN PVT. LTD
Area Sales Manager (Modern Trade Sales) For North East
Permanent · Guwahati
RANDSTAD INDIA PVT LTD
Area Sales Manager (Consumer Durable Industry)
Permanent · Mumbai
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager
Permanent · Noida
VR INDUSTRIES PVT. LTD
Area Sales Manager
Permanent · Chennai
G.R. BATHLA & SONS
Marketing Executive/Area Sales Manager
Permanent · Ludhiana
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Cutting Manager/Production Head - Garments Industry
Permanent · Bhiwandi
KALPA ELECTRIKAL PVT. LTD
Hiring For Production in Charge/ Manager (8-15 Yrs Exp)
Permanent · Bengaluru
TARGET PUBLICATIONS
Regional Sales Manager
Permanent · Mumbai
By
Reuters
Published
Nov 12, 2008
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Philip Green buys Moss Bros stake

By
Reuters
Published
Nov 12, 2008

LONDON (Reuters) - Philip Green, the billionaire owner of Bhs department stores and the Arcadia group of fashion companies, said he has purchased a 28 percent stake in Moss Bros and was considering making an offer for the mens fashion retailer.

A notification to the stock exchange Wednesday said Green's vehicle, Warbeck Holding Company, spent 6.7 million pounds on 26.9 million shares at 24.95 pence a share -- a 58.5 percent premium to Tuesday's closing price of 15.75 pence -- sending Moss Bros shares up 46 percent.

"Warbeck is considering its alternatives in relation to Moss Bros, which include making an offer for the remaining shares it does not already own, however there can be no guarantee that any offer will be made," the notification said.

The block of shares equates to a 28 percent stake previously held in the company by Kaupthing Bank on behalf of fellow Icelandic investor Baugur, which in May abandoned plans for a 40 million pound bid for Moss Bros.

Moss Bros' other shareholders include Laura Ashley, the British fashion and homewares retailer, with about 10 percent.

Last month Green held talks with Baugur, Icelandic banks and the government of the north Atlantic island to acquire much of Baugur's debt, estimated at over 1 billion pounds.

Buying Baugur's debt would give Green considerable influence over the group's British fashion interests, which include Jane Norman, Whistles and a 49 percent share in Mosaic Fashions -- owner of Oasis, Principles, Karen Millen, Warehouse and Coast -- as well as supermarket chain Iceland and toy store Hamleys.

Baugur also owns stakes in retailers Debenhams, Woolworths and French Connection. Baugur's sale of the Moss Bros holding will increase speculation it may look to liquidate other investments.

At 11:06 a.m. shares in Moss Bros were up 7.25 pence at 24 pence, valuing the business at 22 million pounds.

(Reporting by James Davey; Editing by Victoria Bryan)

© Thomson Reuters 2021 All rights reserved.