Retail news

• Monsoon founder seeks CVA to avoid fashion chain's collapse

  26-05-2019 15:11
  Peter Simon pledges up to £34m to support struggling business and convince landlords to slash rentsThe founder of fashion chain Monsoon Accessorize is ready to inject £34m into the struggling company in an effort to convince landlords to agree to rent cuts as part of a deal designed to thwart its collapse.Peter Simon is seeking a company voluntary arrangement (CVA) for the business, a form of insolvency procedure that has proved unpopular with property owners because they are asked t
  
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• The Corner Shop by Babita Sharma review – fags, mags and family life

  26-05-2019 12:00
  Sharma’s nuanced exploration of British Asian life behind the counter is human and engagingPart memoir, part social history, The Corner Shop, is a gentle, charming and at times poignant look at our nation of shopkeepers. Babita Sharma (now a BBC newsreader) uses her childhood, growing up above a corner shop in Reading with her immigrant family, to conjure that familiar world of news, tobacco and consumer essentials – and also to understand how the hackneyed image of Asians running co
  
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• Bon vivant Philip Green can do more to plug Arcadia’s pension hole

  26-05-2019 07:59
  If the regulator wants to do its job properly it should start by asking the retail tycoon for at least £250m upfrontThe 222-page document in which Sir Philip Green sets out how he would like to restructure his – or, rather, his wife’s – Arcadia empire is a dense read. You will find enormous detail on which stores the group would like to close, where it would like landlords to accept cuts in rent, and how sales have declined at the Topshop-to-Miss Selfridge business.But tw
  
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