More misery for the UK high street as retailer prepares for a CVA
Image via Retail Gazette
UK fashion and beauty retailer Monsoon Accessorize has announced plans to close stores and seek rent reductions in a bid to save the business, amid ongoing turmoil on the high street.
The chain has hired accountancy firm Deloitte to prepare a Company Voluntary Arrangement (CVA), an insolvency procedure that has been used by several retailers inlacing Debenhams and New Look to keep their businesses afloat.. . .
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