Monsoon Accessorize

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Monsoon Accessorize Ltd.
High Street Retailer
Founded 1973
Founder Peter Simon
Headquarters London, United Kingdom
Products Women's Apparel, Kids Apparel, Accessories, Homeware.
Owner Peter Simon
Divisions Monsoon. Accessorize.
A Sutton, London Accessorize shop.

Monsoon Accessorize is a British private limited company. It has a London registered address, and operates two international retail clothing chains - Monsoon and Accessorize [1][2]


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.[3][4][5][6] The first Accessorize shop opened in 1984, next door to Monsoon in Covent Garden.[6][7] In 2014 the company had about 1400 stores in 74 different countries.[3]

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.[8][9]

In the UK and Republic of Ireland sales had dropped 10%. The firm's international sales, excluding Russia, dropped 21% to £16.8 million.[8]

Total corporate sales had risen by 4.3% to £552m in the financial year up to 31 August 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.[10][11][3]

John Browett, former head of retail at Apple, became chief executive in early 2013.[3]

As of 2014, they had worked with many of their South Asian and Afghan suppliers for over 20 years.[4][12][13]

The Monsoon Accessorize Trust, to help women and children in Asia.[2][4] Charity projects for 2013, including a project to help revitalise the local silk cultivation industry in post-Taliban Afghanistan.[4]

Monsoon was an early corporate member of the Ethical Trading Initiative.[14][15][16]

According to the company, Monsoon has only ever used humanely grown Angora wool. [6][7]


In 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.[17][18]


  1. ^ Company Details: 01098034, Monsoon Accessorize Limited. Companies House. Accessed January 2015.
  2. ^ a b
  3. ^ a b c d Graham Ruddick (7 February 2014). Monsoon back in the black as former Apple boss boosts sales. The Telegraph. Accessed January 2015.
  4. ^ a b c d "Heritage". Retrieved 3 May 2014. 
  5. ^ Laura Heywood (21 August 2013). "MONSOON: Latest news, analysis and comment on Monsoon". Retail Week. Retrieved 3 May 2014. 
  6. ^ a b c "Monsoon - company history". 23 April 2006. Retrieved 3 May 2014. 
  7. ^ a b "Heritage". Retrieved 4 May 2014. 
  8. ^ a b "Monsoon Accessorize reports "most difficult year"". Retail Gazette. Retrieved 3 May 2014. 
  9. ^ Gallagher, Victoria (6 August 2013). "Monsoon Accessorize to change staff hours | News | Drapers". Retrieved 3 May 2014. 
  10. ^ "Monsoon Accessorize turnover soars 4.3 percent in FY'13 - Fashion - Fashion-news". 7 February 2014. Retrieved 3 May 2014. 
  11. ^ "Monsoon and Accessorize founder invests in furniture retailer Loaf". 15 January 2014. Retrieved 3 May 2014. 
  12. ^ "Ethical Trading". Retrieved 2014-05-03. 
  13. ^ "Women & children's clothing | Free Returns & UK Delivery". Retrieved 2014-05-03. 
  14. ^ Susanne Schaller (2007). The Democratic Legitimacy of Private Governance. An Analysis of the Ethical Trading Initiative. Duisburg: Institute for Development and Peace, University of Duisburg‐Essen. INEF Report 91. ISSN 0941‐4967. p. 18.
  15. ^ "Ethical Trading". Monsoon Accessorize. Retrieved 5 May 2014. 
  16. ^ "About ETI". Ethical Trading Initiative. Retrieved 5 May 2014. 
  17. ^ "Monsoon Accessorize criticised for mandatory supplier rebate". PrintWeek. Retrieved 3 May 2014. 
  18. ^ "Monsoon faces criticism over supplier terms". 25 February 2013. Retrieved 3 May 2014. 

Media related to Accessorize at Wikimedia Commons