Sir Philip Green’s Warbeck Holding Company has said it will not make an offer for Moss Bros.

Warbeck announced earlier this month that it had acquired a 28 per cent stake in the formal menswear business. At the time, it said it was considering alternatives in relation to Moss Bros, including the possibility of making an offer for the whole company.

In a statement today Warbeck said it now had no intention of making an offer for Moss Bros.

Green bought his stake through Warbeck for£6.7 million on November 12, paying 24.95p a share.

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