By Hugh Radojev2019-05-31T06:05:00
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.
Please sign in now if you have a subscription
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.