Monsoon Accessorize preparing to close ‘dozens' of stores in latest hit on high street, reports

A FASHION retailer is preparing to close 'dozens’ of stores across the country, according to reports.

Monday, 15th April 2019, 12:38 pm
Updated Monday, 15th April 2019, 12:42 pm
Monsoon Accessorize could be set to close 'dozens' of stores according to reports

Monsoon Accessorize’s owner has brought in Deloitte to potentially oversee a raft of closures in the coming weeks. 

The company has 270 stores in the UK including an Accessorize in Old Commercial Road in Portsmouth as well as a Monsoon in Fareham shopping centre in Westbury Road. 

According to Sky News the retailer is preparing a Company Voluntary Arrangement (CVA) in a bid to close stores and slash rents. 

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They have reported that sources claim ‘dozens' of shops could be closed, although that number has yet to be finalised. 

This would be the latest in a raft of closures that have hit the high street over the last 18 months including the likes of Toys R Us and Maplin. 

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