Monsoon Accessorize
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Monsoon shop in Brompton Road, London
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| High Street retailer | |
| Founded | 1973 |
| Founder | Peter Simon |
| Headquarters | London, United Kingdom |
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Key people
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Paul Allen, Chairman |
| Products | clothing, accessories |
| Owner | Peter Simon |
| Divisions | Monsoon Accessorize |
| Website |
monsoon accessorize |
Monsoon Accessorize is a British private limited company. It has a London registered address, and operates two international retail clothing chains – Monsoon and Accessorize.
In 2014 the company had about 1400 stores in 74 different countries.
Monsoon was started in London in 1973 by Peter Simon, a market-stall trader, and opened its first shop in Beauchamp Place in May of that year. The first Accessorize shop opened in 1984, next door to Monsoon in Covent Garden.
In 1994 a registered charity, the Monsoon Accessorize Trust, was set up to help under-privileged women and children in Asia.
The company was listed on the in 1998. In 2007 Simon paid £185 million to take it private again.
In 2009 the company moved to a building designed by Allford Hall Monaghan Morris in Notting Dale. The company's collection of some 300 works of modern and contemporary art is housed there.
From early 2013 to February 2015, John Browett, former head of retail at Apple, was chief executive of the company. He was succeeded by Paul Allen.
In February 2013 the Forum of Private Business criticised Monsoon for requiring all new suppliers to give a blanket rebate of up to 4% on all invoices as well as a further charge of up to 10% for early payment.
In October 2015 Monsoon was at the head of a list published by HM Revenue and Customs of companies that had failed to pay the national minimum wage. Because of a policy requiring employees to wear Monsoon clothes at work, the cost of which was deducted from wages, the company had effectively underpaid 1438 of its workers in the United Kingdom by over £104,000. The company was fined more than £28,000, and began paying a clothing allowance and raised wages.
Monsoon is a corporate member of the Ethical Trading Initiative.
In 2007 Monsoon was described as "struggling".
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Wikipedia