Soaring costs, weak consumer confidence, and the shift to online shopping have pushed many well-known high street brands to the brink in recent years from, the Top Shop group to Laura Ashley. Monsoon Accessorize is no different. When the insolvent fashion retailer went into administration on June 10, it blamed the impact of Covid-19 which saw its stores shut under lockdown but in truth, the business, which employs around 3,500 UK staff had been ailing for some time. It is a pre-pack administration as the chain’s business and assets were earmarked for sale in advance to Adena, a company set up…
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