Landlords help Monsoon save more stores

Monsoon Accessorize is to keep 57 more stores open than initially planned after a raft of landlords agreed to new turnover-based rents. The failed chain's administrator FRP Advisory now hopes to preserve 157 of the company's 230 branches, saving 2,400 jobs following its collapse in the middle of lockdown. Sites will reopen by the end of July. Parts of the business were swiftly bought by its founder Peter Simon when Monsoon Accessorize fell over earlier this month. He acquired the brands and the