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Monsoon Accessorize Hereford to Close


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Monsoon Accessorize stores to close as 545 jobs to be axed, unfortunately Hereford store will remain closed.

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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

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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.

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