Monsoon
This coverage analyses Monsoon’s activities and strategic direction within the UK fashion and lifestyle retail market. Reporting includes updates on store openings and closures, brand repositioning, sustainability initiatives, financial performance, marketing campaigns, and leadership movements — providing valuable context for retail executives, brand managers, and professionals managing apparel retail and brand development.
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Sep- 2019 -27 SeptemberHigh Street
British Land drops Monsoon CVA challenge
British Land has dropped its legal challenge against Monsoon Accessorize’s CVA plans. According to Sky News, The property investment firm, which owns Sheffield’s Meadowhall, has agreed to abandon its bid to to block Monsoon’s restructuring plans. The news now allows Monsoon to cut rents by between 25% and 65% across…
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6 SeptemberClothing & Shoes
Monsoon in legal battle with British Land over CVA plans
Monsoon is facing a legal battle with FTSE 100 property company British Land over its CVA plans. According to Sky News, the owner of Meadowhall shopping centre in Sheffield filed a challenge to block Monsoon’s restructuring plans which will see rents cut by between 25% and 65% across just over…
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Aug- 2019 -27 AugustHigh Street
Clarks seeking rent reductions of up to 30%
Shoe retailer Clarks has revealed it seeking rent reductions of up to 30% following a period of “poor trading”, according to a report by The Sunday Times. The report said the retailer asked landlords to extend leases on certain stores in return for reduced rent costs. A source also told…
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Jul- 2019 -29 JulyHigh Street
Primark to push for reduction in rent
Fashion brand Primark is pushing for a reduction in rents at stores, after a number of competitors have secured rental reductions via CVAs this year. The retailer is pushing for a 30% reduction in rates on stores where leases have several years left to run, and is offering to invest…
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4 JulyClothing & Shoes
Monsoon creditors agree to CVA
Monsoon Accessorize creditors have given the green light on the retailer’s CVA plans which will see over half of its stores receive rent reductions. The reductions, which were proposed last month, will see cuts to rents of between 25%- 65% across 135 out of its 258 stores after the retailer…
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Jun- 2019 -21 JuneClothing & Shoes
Monsoon CVA offers landlords £10m profit share for reduced rents
Monsoon Accessorize has made a CVA proposal to its landlords for reduced rents at more than half of its store portfolio in return for a £10m share in profits and an £18m interest free loan. With no store closures planned across its 258 outlets, the company is asking for rent…
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7 JuneClothing & Shoes
Monsoon delays CVA
Monsoon Accessorize is understood to have delayed its company voluntary agreement (CVA) after landlords failed to support Arcadia’s restructuring plans earlier this week. A number of landlords are said to have rejected Arcadia’s proposals, which involved rent cuts of up to 70% on 194 shops as they deemed it “too…
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May- 2019 -31 MayClothing & Shoes
Monsoon landlords seek equity stake in exchange for CVA
The landlords of fashion retailer Monsoon Accessorize are reportedly seeking an equity stake in the company in exchange for the support of a CVA. According to Sky News, British Land, Hammerson, M&G Investments and Roubaix Group have written to the company’s owner Peter Simon, asking to negotiate improved terms. Simon…
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28 MayClothing & Shoes
Monsoon founder to inject £34m into business to avoid collapse
The founder of women’s clothing and accessories chain Monsoon has pledged to provide up to £34m in funding for the company to avoid its collapse. Peter Simon is reportedly seeking rent reductions for roughly two thirds of its 271 outlets in a bid to keep stores open and improve the…
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Apr- 2019 -16 AprilClothing & Shoes
Monsoon Accessorize set to close ‘dozens’ of stores
Women’s clothing and accessories retailer Monsoon Accessorize is reportedly preparing to enter a CVA which could see it close dozens of its stores. According to Sky News, the company has appointed Deloitte to draw up a CVA to be launched within the next few weeks. The agreement will allow the…
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