×
35 276
Fashion Jobs
ESTÉE LAUDER COMPANIES
Keyholder - Cosmetics Company Store - 15Hrs - Prime Outlets at Ellenton - Ellenton, fl
Permanent · Ellenton
PUMA
Junior Product Line Manager, Run/Train Footwear
Permanent · Boston
SHISEIDO
Manager, Regional Procurement - Drunk Elephant
Permanent · East Windsor
SHISEIDO
Manager, Production
Permanent · East Windsor
HOMEGOODS
Loss Prevention Detective
Permanent · Vacaville
HOMEGOODS
lp Detective
Permanent · Towson
TJ MAXX
Distribution Center Supervisor
Permanent · Worcester
MARSHALLS
70118-lp Detective
Permanent · Tampa
TJX CORPORATE
Logistics Reporting Manager
Permanent · Marlborough
TJ MAXX
70118-lp Detective
Permanent · Paramus
HOMEGOODS
70118-lp Detective
Permanent · Orlando
MARSHALLS
Loss Prevention Detective
Permanent · Shoreline
MARSHALLS
Loss Prevention Detective
Permanent · Lynnwood
MARSHALLS
Loss Prevention Detective
Permanent · Seattle
HOMEGOODS
70118-lp Detective
Permanent · Fremont
RALPH LAUREN
Polo Factory Store - General Manager
Permanent · Columbus
BLOOMINGDALE'S
$300 Sign-on Bonus: Asset Protection Visual Security Officer
Permanent · Los Angeles
BLOOMINGDALE'S
Loss Prevention Detective
Permanent · New York
BLOOMINGDALE'S
$300 Sign-on Bonus: Asset Protection / Loss Prevention Detective
Permanent · McLean
BLOOMINGDALE'S
$300 Sign-on Bonus: Asset Protection Visual Security Officer
Permanent · Glendale
L'OREAL GROUP
Packaging Engineer (sr. / Manager)
Permanent · Somerset
L'OREAL GROUP
Manager - Finance
Permanent · St. Petersburg
Published
Jun 30, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

More Monsoon Accessorize stores saved as landlords cut rents

Published
Jun 30, 2020

At a time when good news is rare in the UK fashion retail sector, Monsoon Accessorize had some cheerful news this week as it could be retaining 57 more stores than expected. A larger number of landlords than predicted have agreed to base rent deals on turnover.


Monsoon



After it went into administration during the lockdown, the company had originally planned to reopen only 100 of its previous 230 shops. But it should now operate 157, which means that 2,400 jobs may have been saved, The Telegraph reported.

The stores are still, for now, under the control of  administrator FRP Advisory after the brand itself — along with its HQ, design teams and distribution centre — was re-purchased by a vehicle controlled by its founder Peter Simon.

The shops will be open by the end of next month, FRP said.

Meanwhile Simon said that he was grateful to landlords for being helpful during a difficult process. “Monsoon and Accessorize will continue to have a strong presence on the high street,” he added.

Monsoon Accessorize has begun to reopen its stores with more than 30 now up and running. It’s unclear what impact the latest development will have on the Monsoon brand itself. Last week in a BBC radio interview, Simon had said that fewer than 10 Monsoon branches would open their doors with the brand to become a mainly online label. But of the 57 saved sites, perhaps some more could be Monsoon branches.

It looks like turnover-based rents could be the way forward for the UK retail sector, despite fixed rents with upwards-only reviews having previously been the norm in Britain.

A raft of stores from AllSaints to Frasers Group, TM Lewin, New Look, and more are in talks with their landlords about changes to the way they pay rent to reflect store takings.

Copyright © 2020 FashionNetwork.com All rights reserved.