The company behind the Monsoon and Accessorize fashion brands has called in advisers to work on the potential closure of dozens of stores through a contentious insolvency process.
Monsoon Accessorize has appointed Deloitte to prepare for a possible company voluntary arrangement that also could lead to rent reductions for landlords and job losses.
The women’s and children’s clothing retailer trades from almost 270 stores in Britain. It has been struggling to close sites and cut costs as it faces what it has called the most difficult trading environment in its 46-year history.
