Brian Brick, chief executive of Moss Bros said: “The approval of the CVA is an important milestone allowing us to reset the cost base of the business and to emerge from the pandemic on a sure financial footing. We are incredibly grateful to our landlords and suppliers for their support in this process and proud of our employees for the way they have dealt with all that 2020 has thrown at them.”
He added: “We also recognise the backing of our new shareholders throughout the challenges of the takeover, pandemic and CVA process.”
Will Wright, partner at KPMG and joint supervisor of the CVA, said the approval provides Moss Bros “with a solid footing upon which it can continue to navigate through this period of extreme uncertainty”.
