Tag : monsoon accessorize
£34m lifeline on offer for MonsoonSubscription
The founder of Monsoon Accessorize, Peter Simon, has reportedly said he will inject £34m into the struggling business if landlords agree to cut rents, as part of a company voluntary arrangement (CVA).
Intu hit hardest by Monsoon CVASubscription
Ailing shopping centre owner Intu faces the biggest threat from Monsoon Accessorize’s company voluntary arrangement.
Landlords may rally against Monsoon CVASubscription
Landlords are showing resistance to Monsoon Accessorize’s company voluntary arrangement proposal, which asks for rent reductions of up to 65% across more than half of its stores, property sources have told Drapers.
More landlords are likely to seek equity in struggling retailers as part of company voluntary arrangement (CVA) negotiations, which could promote a more collaborative relationship between the two parties, property experts have said.
Monsoon CEO exitsSubscription
Monsoon Accessorize CEO Paul Allen has decided to leave the business. Drapers understands the business does not plan to replace him.
Monsoon CVA expected to launch this week Subscription
Landlords are reportedly seeking more than £30m of rescue funding in the form of equity in Monsoon as part of its company voluntary arrangement (CVA), instead of secured loans.
Monsoon CVA proposal revealedSubscription
Monsoon and Accessorize have launched company voluntary arrangement (CVA) proposals in an attempt to return the businesses to profitability and growth.
Monsoon delays CVASubscription
The founder of womenswear retailer Monsoon Accessorize is understood to have delayed plans to launch a company voluntary arrangement (CVA).
Monsoon landlords demand equity stakeSubscription
Four property companies have reportedly demanded an equity stake in Monsoon Accessorize in return for supporting a company voluntary arrangement (CVA).
Redundancies loom at Monsoon AccessorizeSubscription
Monsoon Accessorize has announced up to 50 redundancies across its head office teams, as part of its ongoing restructuring, Drapers can reveal.