Monsoon seeks rent cut in 'difficult' trading

Monsoon Accessorize is calling on landlords to approve rent reductions on some of its 258 leased stores as part of a restructuring of the troubled High Street chain. This is being done through Company Voluntary Arrangements, which is being launched after a period of "Difficult" trading. To win support from landlords, the company is offering them up to £10m if it trades profitably in the future.

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