Landlords of Monsoon Accessorize have backed plans to cut the fashion chain’s rents at more than half of its shops.
Last month the retailer proposed a company voluntary arrangement, a form of insolvency used by businesses to avoid collapse. A “sizeable majority” of creditors approved it at a meeting yesterday and now 135 of the two brands’ 258 shops will benefit from rent reductions.
Landlords of Monsoon Accessorize have backed plans to cut the fashion chain’s rents at more than half of its shops.
Last month the retailer proposed a company voluntary arrangement, a form of insolvency used by businesses to avoid collapse. A “sizeable majority” of creditors approved it at a meeting yesterday and now 135 of the two brands’ 258 shops will benefit from rent reductions.
Click here to read the full article (£)
