Primark may be one of the most successful fashion retailers in the UK (and beyond) at the moment, but given that it’s fully dependent on physical shops as it has no online operations, it's feeling the pain of high rents.
Andy Tudor has left his role as technology and data director at Monsoon Accessorize to join order management specialist OneStock, which offers services including click & collect to high street retailers.
Retail landlords are becoming more and more demanding over the terms of retailer CVAs and it's easy to see why given news that major landlords recorded write-downs of £2.7bn on their properties last year
Monsoon Accessorize is expected to launch its delayed company voluntary arrangement (CVA) on Thursday but, like Arcadia before it, some of its biggest landlords could be lining up against the deal, according to reports.
Monsoon Accessorize has delayed its company voluntary arrangement plan in the wake of the delay to Arcadia’s CVA. Reports suggested Monsoon boss Peter Simon had been planning to launch a CVA as early as last Friday.