{"id":161727,"date":"2019-06-24T06:23:19","date_gmt":"2019-06-24T06:23:19","guid":{"rendered":"https:\/\/www.theindustry.fashion\/fast-fashion-entrepreneurs-set-out-their-stalls-as-high-streets-crumble\/"},"modified":"2021-08-12T14:01:54","modified_gmt":"2021-08-12T14:01:54","slug":"fast-fashion-entrepreneurs-set-out-their-stalls-as-high-streets-crumble","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/fast-fashion-entrepreneurs-set-out-their-stalls-as-high-streets-crumble\/","title":{"rendered":"Fast-fashion entrepreneurs set out their stalls as high streets crumble"},"content":{"rendered":"
When Napoleon apparently described Britain as \u201ca nation of shopkeepers\u201d he would have had a very specific image in mind. However, while he probably didn\u2019t anticipate the new generation that are transforming retailing \u2014 armed with their apps, global networks and ultra-fast-fashion \u2014 he would surely recognise the battle they are fighting with the high street.<\/p>\n
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Last week Monsoon Accessorize became the latest high street chain to reveal an emergency restructuring. Its proposed company voluntary arrangement, an insolvency procedure in which a struggling company seeks rent cuts, comes after a similar move by Sir Philip Green\u2019s Arcadia Group, whose stores include Topshop.<\/p>\n