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The shops to close include outlets in Dublin, Cork and Kilkenny. The company also has shops in Drogheda, Limerick, Galway, Sligo and Athlone. Administrators from business advisory firm FRP were appointed last night and immediately sold the companies' business and assets to Adena Brands, a company ultimately controlled by Peter Simon, who owned and founded Monsoon in 1973. Under a so-called pre-pack administration, a company goes into a formal insolvency process but immediately emerges under a new ownership structure in a pre-arranged deal.
Adena acquired the Monsoon and Accessorize brands, their digital business, along with the intellectual property, the head office and design teams, and the group's distribution centre in Wellingborough in central England. Adena will now enter talks with the landlords of Accessorize and Monsoon's 162 remaining stores to see if they can reach terms to reopen them when the current lockdown ends.
Already weak players such as Laura Ashley, Debenhams, Oasis Warehouse and Cath Kidston have all fallen into administration with the loss of thousands of jobs.
There’s a certain demographic of female , with Debenhams gone, won’t have a stitch
Monsoon & Accessorize in Athlone both closed about 4 years ago
Blackmail!!! UBI . Quantitative easing for people not businesses. Fk em. Nature abhors a vacuum. New independent businesses will replace them...
The medical and economic cost of the lockdown...With no screening or elective surgery and redundancy as businesses close...Or find it impossible to reopen...May well exceed the benefit of the lockdown....
I knew they’d never open again when they were so quick to board up Grafton street
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