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

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.

Fashion chain Monsoon today said it was taking legal action against rival clothing chain Primark for allegedly copying its products.

Fashion chain Monsoon today reported a 32% lift in profits over the last year on the back of strong sales growth and new store openings.