Monsoon Accessorize seeks landlords’ support for rescue plan

Owner offers share of profits in exchange for rent cuts in effort to keep fashion retailer afloat
Monsoon Accessorize is to launch plans for a rescue package after its owner, Peter Simon, agreed to offer landlords a share of future profits worth up to £10m in return for rent cuts.Simon, who founded Monsoon as a London market stall in the 1970s, is also thought to have offered to invest £34m in the 270-shop fashion retail chain to keep it afloat. Continue reading...