Reeves’ Budget tax hikes stopping Monsoon owner’s growth Retail The owner of Monsoon and Accessorize has warned the tax rises introduced by Chancellor Rachel Reeves are forcing it to stop investing in its growth. Adena Brands, which is owned by Peter Simon, is “focusing on reducing our cost base over investing in growth” until it sees signs of strengthening consumer demand. The business added [...]
Monsoon and Accessorize owner enters the red as sales slip Retail The owner of Monsoon and Accessorize slumped into the red as its sales were slashed during its latest financial year, it has been revealed. Adena Brands, which is owned by Peter Simon, has reported a pre-tax loss of £7.5m for the 12 months to 31 August, 2024. The loss comes after the group posted a [...]
Profits cut at Monsoon and Accessorize owner as demand for children’s clothes falls Fashion A drop in demand for children's clothing saw profits fall at the owner of Monsoon and Accessorize.