(Reuters) - Suit and formal clothing maker Moss Bros (L:MOSB) said on Tuesday said it would restart its online operations with reduced staffing on May 13, after the government unveiled plans to gradually ease coronavirus-induced restrictions.
The company, which had closed its stores in March, said it was further lowering costs by cutting its board's pay by between 60% and 70%, tapping into government aid for job retentions and renegotiating rental agreements. (https://reut.rs/2xRfeSS)
Moss Bros also said that it was debt-free and has enough cash to continue trading through the second half of fiscal 2021 and beyond.