Wright plans to wake up menswear brand

THE retail group behind the Suits You and Racing Green menswear brands changed hands yesterday for an estimated £30 million (€43m).

Major expansion is planned over the next three years after former Moss Bros chief executive Adrian Wright took control of the Speciality Retail Group (SRG) using private equity funds.

Investment will be targeted at the Racing Green brand, which accounted for 20% of the £74m (€108m) of revenues generated by SRG in the year to January.