Monsoon founder Peter Simon has promised to invest £34 million in return for landlords agreeing to cut rent costs as part of a Company Voluntary Agreement (CVA).
Last month, the owners of Monsoon and Accessorize were reportedly mulling dozens of store closures as part of a possible restructuring, but according to The Guardian, the latest proposals do not include immediate store closures.
Between them, Monsoon and Accessorize have 270 stores across the UK.
The British fashion retailer duo appointed Deloitte last month to look at options to reduce overall costs, one of which would be to cut rent on its head office in London.
Latest News
-
John Lewis expands retail media network with offsite ads
-
Evri plans £50m investment to double network of lockers and ParcelShops
-
Disney Consumer Products hires Nike veteran to SVP of global marketing
-
Home Depot secures $5.5bn takeover of GMS after beating rival bid
-
Asda targets Primark with George clothing expansion plans
-
Pandora partners with Amazon to catch counterfeiters
Supermicro and NVIDIA’s AI Solution for Retailers
To find out more: click here
Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
© 2024 Perspective Publishing Privacy & Cookies
Recent Stories