février 2011
Moss Bros Group PLC
On 7 February 2011, Canaccord Genuity's client, Moss Bros Group PLC, the UK's number 1 branded suit specialist, announced its intention to dispose of its 15 Hugo Boss franchised stores to Hugo Boss UK Limited, for a cash consideration of £16.5mlion. Hugo Boss will acquire the business and assets of these stores as a going concern and completion of the Disposal will take place on 1 April 2011, subject to the approval of the Company's Shareholders.
In mid-2010, Canaccord Genuity was appointed as Moss Bros' retained advisor, with a specific initial strategic focus on the Hugo Boss franchise businesses. Canaccord Genuity's role as part of the transaction was to provide high level strategic advice to the Board, with the Company's Broker taking the lead on the more day-to-day responsibilities.