{"id":162152,"date":"2019-09-05T18:11:16","date_gmt":"2019-09-05T18:11:16","guid":{"rendered":"https:\/\/www.theindustry.fashion\/british-land-made-challenge-to-monsoon-accessorize-rent-cuts\/"},"modified":"2021-08-12T14:04:12","modified_gmt":"2021-08-12T14:04:12","slug":"british-land-made-challenge-to-monsoon-accessorize-rent-cuts","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/british-land-made-challenge-to-monsoon-accessorize-rent-cuts\/","title":{"rendered":"British Land made challenge to Monsoon Accessorize rent cuts"},"content":{"rendered":"
Shopping centre owner British Land has tried to block Monsoon Accessorize<\/strong>\u2019s restructuring efforts, in another showdown between struggling high street retailers and their landlords.<\/p>\n <\/p>\n The property giant, which owns Meadowhall in Sheffield among other major developments<\/strong>, filed a bid to block the retailer\u2019s Company Voluntary Arrangement (CVA) back in July.<\/p>\n It is understood that British Land, which voted against the CVA proposals,<\/strong> has taken issue with Monsoon Accessorize\u2019s level of transparency during the process.<\/p>\n According to Sky News<\/em>, which first reported the story, British Land felt that Monsoon\u2019s founder Peter Simon had failed to listen to the concerns of landlords<\/strong> about the terms of the CVAs.<\/p>\n The firm is thought to be the only challenger to the plans<\/strong>, and only owns five Monsoon stores.<\/p>\n