Fashion group says it has been hit by rising costs, competition and subdued spendingMonsoon Accessorize is asking landlords to reduce rent for more than half its 258 leased stores in return for an 18m interest-free loan and a 10m share of future profits.The owner, Peter Simon, has also promised to halve the rent on the fashion businesss London head office, which he owns, to help reduce costs. He had already loaned the business 12m and would hand over an additional interest-free loan if the rescue plan was approved. Continue reading...
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