Monsoon landlords call for equity stake ahead of CVA

Monsoon liverpool street 22 september 2016

A number of landlords have written to Monsoon demanding an equity stake in the business, in return for supporting any company voluntary arrangement.

Four landlords, including British Land, Hammerson, M&G Investments and Roubaix Group, have joined forces to negotiate improved terms with the owner of the struggling fashion chain, according to Sky News.

A letter written on behalf of the four, which between them own a large number of Monsoon Accessorize stores, was sent to boss Peter Simon this week with a request for a shareholding stake in the business, should any financial restructuring be agreed.

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