Monsoon founder set to buy back business

Fashion retailer Monsoon today backed a move by its founder to take the troubled business back into private ownership.

Monsoon founder set to buy back business
Fri, 28 Sep, 2007 - 09:45

Fashion retailer Monsoon today backed a move by its founder to take the troubled business back into private ownership.

Chairman Peter Simon, who together with his family owns 75% of the company, is leading a management buy-out after offering 424p a share for the group, valuing Monsoon at around £755m (€1,078m).

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