Anger over dividends taken from Monsoon and Accessorize as stores face closure

Monsoon Accessorize

The owner of Monsoon and Accessorize is facing a backlash over plans to potentially close dozens of shops through a contentious insolvency process after paying out millions of pounds in dividends.

Drillgreat, the UK-registered company behind the fashion chains, paid £116m in dividends between 2008 and 2013, filings show. It is ultimately controlled by Peter Simon, 69, through Balmain Invest & Trade, a vehicle based in the British Virgin Islands.

Read the full article on The Times.