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Go well with maker Moss Bros is considering shutting outlets as a part of a rescue plan for the chain, the BBC understands.
The agency, which has 125 stores and 1,000 workers, has been hit by Covid-19 restrictions on huge occasions akin to Royal Ascot and huge weddings.
It has employed auditors KPMG to arrange it for an organization voluntary association, which might allow it to shut some outlets and scale back its lease on others.
The chain’s house owners didn’t instantly reply to a request for remark.
KPMG additionally declined to touch upon the information.
Moss Bros was acquired by Menoshi “Michael” Shina, who additionally owns Crew Clothes, for £22m in early March, two weeks earlier than lockdown kicked in.
Mr Shina later tried to cancel the deal in spite of everything non-essential retailers have been ordered to shut, however was unsuccessful.
- Shirtmaker TM Lewin to shut all UK outlets
In July, Metropolis shirtmaker TM Lewin introduced it will shut all 66 of its UK outlets.
It mentioned most of its 700 employees can be laid off because it takes all of its gross sales on-line, to assist reduce prices.
A number of different excessive avenue companies have introduced closures and job cuts as a result of influence of the pandemic.
Current examples embody:
- Frankie and Benny’s proprietor the Restaurant Group, which plans to close 125 websites and reduce 3,000 employees
- Monsoon Decorate has introduced 545 job losses and the closure of 35 outlets.
- M&S is slicing 7,000 jobs over subsequent three months
- Sandwich chain Pret A Manger is to chop 3,000 jobs and shut 30 websites
- Debenhams is closing at the very least 20 of its stores and slashing 6,500 jobs.
