Fashion chain owned by H&M launches closing down sale - see the full list of stores set to shut

Fashion chain owned by H&M launches closing down sale - see the full list of stores set to shut By NOOR QURASHI Published: 16:46 GMT, 22 December 2024 | Updated: 16:50 GMT, 22 December 2024 e-mail 3 View comments An iconic fashion chain owned by retail giant H&M is the latest to launch a closing down sale as a flurry of outlets struggle against high business rates and inflation . Monki is set to implement drastic changes to its UK stores - and in some cases, close the shutters entirely. The company describes itself as the 'antidote to boredom' with its collections 'guided by contemporary youth culture' to 're-imagine young femininity'.

But it will soon merge with another H&M brand in five locations whose name 'WeekDay' may not scream so much 'antidote to boredom' - as well as see two of its stores close for good. This comes as Monki recently put up signs at its store in the Arndale Shopping Centre, Manchester, announcing a closure date of January 12. An H&M spokesman had 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.' Despite the change being described as affecting a 'limiting' number of stores, it will impact five of the total seven, with the future of each remaining uncertain while the other two close. The brand ha.