Monsoon Accessorize to Shutter 141 Stores

Monsoon Accessorize (London) will close 141 stores in the U.K. where the two brands exist in the same shop. Accessorize, which specializes in jewelry and accessories, attracts younger shoppers than Monsoon, which specializes in women’s fashion.

The shuttering is part of the restructuring plan of recently-appointed CEO Paul Allen, reports The Retail Gazette. The retailer says it will open separate Monsoon and Accessorize stores in areas where there was a combined outlet.  

Monsoon Acccesorize employs 5500 people, has over 300 stores and is owned by the tycoon Peter Simon’s company Drillgreat Limited.