Tag : monsoon accessorize
Retailers extend supplier terms over coronavirus Subscription
Several high street retailers have extended their supplier payment terms in a bid to safeguard their businesses against the ongoing coronavirus crisis, putting pressure on manufacturers.
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.
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).
Monsoon delays CVASubscription
The founder of womenswear retailer Monsoon Accessorize is understood to have delayed plans to launch a company voluntary arrangement (CVA).
Monsoon defers rent payments due to coronavirusSubscription
Monsoon Accessorize has told landlords it will not pay rent across its portfolio for the next three months as it closes all stores temporarily as a result of the Covid-19 coronavirus pandemic.
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 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 CEO exitsSubscription
Monsoon Accessorize CEO Paul Allen has decided to leave the business. Drapers understands the business does not plan to replace him.
Monsoon Accessorize has warned suppliers that it may have to cancel or reduce its autumn 20 orders as a result of the continued economic impact of coronavirus.
Monsoon Accessorize sale to be ‘one of many’Subscription
Monsoon Accessorize will be one of many retailers considering a sale as a result of the impact of Covid-19 coronavirus, say industry insiders.