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Monsoon falls into administration

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Monsoon Accessorize, the company that owns the two clothing and accessories brands of the same names, has fallen into administration.

The company announced it would be closing 35 shops, putting 545 jobs at risk.

While Monsoon Accessorize is understood to have been turning a profit before the coronavirus pandemic hit, the nationwide lockdown has left owner Peter Simon unable to keep paying rent on the high street chains’ combined 230 UK stores.

Monsoon has a concession within Moores of Coleraine.

Oasis will not reopen within Moores of Coleraine. The company fell into administration in April

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