Moss Bros FD cuts ties with group

Roddy Murray, Moss Bros FD, has resigned after the group warned that trading
and like-for-like sales for the first 15 weeks of the second half were flat
against the previous year.

Last month, Moss said like-for-like sales for the first 10 weeks of the
second half were up 1.5%, but since then the group has suffered from tough
trading conditions.

Moss Bros chairman Keith Hamill said the group was ‘disappointed’ to be
losing Murray, who has been largely credited with turning around the recent
fortunes of the retail group. Hamill said there was had been no ‘fallout or
internal problems’ surrounding Murray’s departure.

‘I would like to thank Roddy for his major contribution over the last three
years in turning around the fortunes of the company,’ Hamill said. ‘We are
disappointed that he is leaving at this point and wish him well for the future.
An announcement regarding his successor will be made in due course.’

Murray is said to be looking at opportunities in the private equity sector.

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