|Type||High Street Retailer|
|Headquarters||London, United Kingdom|
|Products||Clothes, hand bags, coats, hats, curtains, scarves, furnishings, feminine apparel.|
In May 1999, the Monsoon Home line was launched its first shop in Kings Road, London. The range incorporates the Monsoon look and philosophy creating an innovative and individual home accessories range.
Monsoon Accessorize went into negative fiscal growth in 2013 what founder Peter Simon described as the “most difficult time” in the retailer’s 40-year history as it announced a 12 per cent decline in group sales to £529 million over that full financial year.
Total corporate sales had risen by 4.3% to £552m in the financial year up to August 31, 2014, so driving the group from a pre-tax loss of £2.4m in 2012 to a pre-tax profit of £18.1m in 2014.
There were 388 Monsoon and Accessorize stores in the United Kingdom and Ireland by 2013  and 400 in the and over 1,000 throughout the world by 2014. They are in the UK, Ireland, France, Australia, Austria, Germany, Russia,Australia, Brazil, The Czech Republic, Denmark, France, Greece, Gibraltar, Iceland, Italy, Lebanon, Malta, the Middle East, The Netherlands, Norway, Portugal, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland and UAE.
The Monsoon Accessorize Trust, to help women and children in Asia. Charity projects for 2013, including a project to help revitalise the local silk cultivation industry in post-Taliban Afghanistan.
Building collapse at Savar
On 24 April 2013, the eight-story Rana Plaza commercial building collapsed in Savar, a sub-district near Dhaka, the capital of Bangladesh. At least 1,127 people died and over 2,438 were injured. The factory housed a number of separate garment factories employing around 5,000 people, several shops, and a bank and manufactured apparel for brands including the Benetton Group, Joe Fresh, The Children's Place, Primark and DressBarn. Of the 29 brands identified as having sourced products from the Rana Plaza factories, only 9 attended meetings held in November 2013 to agree a proposal on compensation to the victims. Several companies refused to sign including Walmart, Carrefour, Bonmarché, Mango, Auchan and Kik. The agreement was signed by Primark, Loblaw, Bonmarche and El Corte Ingles.
Supplier payment practices
It emerged in 2013, that it charged suppliers a rebate of up to 4% on all invoices as well as a further charge of up to 10% for early payment. It was later revealed that it also charged suppliers a rebate of up to 4% on all invoices in 2012 and 2013. The UK high-street based retailer was criticised in 2013 by the British Forum for Private Business over changes to its payment terms and charges on suppliers.
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