Icelandic investment group Baugur today dropped its bid for struggling men’s fashion chain Moss Bros.

Icelandic investment group Baugur today confirmed it was considering a possible offer for high street retailer Moss Bros.

Icelandic investment group Baugur is understood to be considering launching a £40m (€55m) takeover bid for retailer Moss Bros.

British menswear retailer Moss Bros today became the latest retailer to warn over profits after seeing weakened consumer spending on the high street.