Monsoon profits exposed to tough climate

Securing Liz Hurley as the face of Monsoon has failed to help the fashion retailer stage a turnaround in fortunes, after full-year figures today revealed a second year of falling profits.

The womenswear group saw underlying pre-tax profits drop by 16% to £48.7m (€72m) in the year to May 26 in what has been a troubled twelve months for the firm.