A TRENDY fashion chain owned by H&M has launched a closing down sale at one its branches, with a further six set to shutter. Monki has put up signs at its store in the Arndale Shopping Centre, Manchester, saying it will shut on January 12. Advertisement 1 Monki has launched a closing down sale at its Manchester branch Credit: TARA EVANS The location is one of seven that H&M has said will close or merge with another of its fashion brands, Weekday .
The move comes as part of plans to blend the two brands together to make a one-stop shop appealing to young shoppers. A previous statement from H&M said: "A limited number of Monki stores are intended to be transformed into multi-brand Weekday destinations, while the others are intended to be closed. "The newly formed Weekday multi-brand destination will cater to customers’ high aesthetic standards while embracing their multitude of unique expressions.
" Advertisement Read more on Retail SHUT UP SHOP Beloved hardware store to close after 87 years as it reduces prices on stock BYE BYE Major clothing chain with over 150 stores across UK to shut shop in the New Year Monki stock will continue to be sold on the WeekDay website and in some WeekDay stores, H&M said. As part of the process, the retailer will also start stocking Cheap Monday lines in Weekday stores. H&M has not confirmed which of the remaining Monki six stores across the UK will close and which ones will be merged with Weekday.
Currently, all seven shops remain open while t.