Hereford Voice Posted June 10, 2020 Report Share Posted June 10, 2020 Monsoon Accessorize stores to close as 545 jobs to be axed, unfortunately Hereford store will remain closed. Fashion chain Monsoon Accessorize is to make more than 500 staff redundant after being bought out of administration last night. Monsoon Accessorize’s founder Peter Simon bought the brands and intellectual property, the head office and design teams, and its distribution centre in Wellingborough, Northamptonshire – but not the stores. Around 450 jobs were transferred to Adena Brands, the new group company, while 35 shops have permanently closed and 545 staff were made redundant. The stores which it expects to permanently close are... Basildon Bexleyheath Burton-on-Trent Camberley Canterbury Carlisle Chelmsford Cork Patrick Street A, Republic of Ireland Cork Patrick Street B, Republic of Ireland Crawley Derby Dublin, Republic of Ireland Hereford Hitchin Huddersfield Kilkenny Lancaster Lincoln Liverpool Airport Maidenhead Maidston Middlesbrough Newark Newtownabbey Northampton Southend St Albans Staines Sutton Coldfield Taunton Telford Trowbridg Truro Tunbridge Wells York Davygate Quote Link to comment Share on other sites More sharing options...
megilleland Posted June 10, 2020 Report Share Posted June 10, 2020 All going on-line. The two stores are owned by the same company - Monsoon Accessorize. It was announced on Wednesday morning that the firm had gone into administration, and shortly after that Monsoon's founder, Peter Simon, had bought the business. Peter Simon, Monsoon Accessorize's buyer, said: Quote "Both Monsoon and Accessorize were trading well before the coronavirus pandemic but the business simply could not withstand the financial impact of having to close all its UK, franchise and joint venture stores for almost three months." "This deal secures the future of both Monsoon and Accessorize and means we can continue to serve our customers online without a pause. In addition, we will now try to save as many of our stores as possible, depending on the outcome of various discussions with landlords. I would like to thank landlords for the helpfulness and enormous forbearance they have shown so far, which has enabled us to get to this point." More locals losing their jobs. Quote Link to comment Share on other sites More sharing options...
Damian Posted June 10, 2020 Report Share Posted June 10, 2020 Something tells me this is just the start. Such a shame for those poor staff 1 Quote Link to comment Share on other sites More sharing options...
Victor Wright Posted June 11, 2020 Report Share Posted June 11, 2020 On 10/06/2020 at 16:57, Damian said: Something tells me this is just the start. Such a shame for those poor staff You could be right Damian Quote Link to comment Share on other sites More sharing options...
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