HULFT BANNER
Subscribe to our e-newsletter
Follow us on Twitter
Privacy and cookies
Established 1996
Tuesday 15 October 2019

LATEST NEWS 

Payments Awards 2019

Monsoon founder pledges £34m to secure CVA

Written by Peter Walker
28/05/19

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.


Retail Payments Survey

Related Articles

Technology for Marketing

HULFT
Find out how HULFT can help you manage data, integration, supply chain automation and digital transformation across your retail enterprise.

Talking shop: retail technology solutions from Brother
Retail Systems editor Peter Walker sits down with Brother’s senior commercial client manager Jessica Stansfield to talk through the company’s solutions for retailers and hospitality businesses, what’s new in labelling technology, and the benefits of outsourcing printing.
Most read stories...
World Markets (15 minute+ time delay)