[4][13] He was succeeded by Paul Allen, who served until August 2019, when Peter Simon and COO Nick Stowe jointly assumed the CEO role.

[15] On 10 June 2020, during the COVID-19 pandemic in the United Kingdom, Monsoon Accessorize went into administration and was then bought by its founder, who planned 35 UK store closures with the loss of 545 jobs.

[citation needed] Peter Simon bought it out of bankruptcy in late 2022[18] In February 2013, the Forum of Private Business criticised Monsoon for requiring all new suppliers to give a blanket rebate of up to 4% on all invoices, as well as a further charge of up to 10% for early payment.

[19][20] In October 2015, Monsoon was at the head of a list published by HM Revenue and Customs of companies that had failed to pay the national minimum wage.

Because of a policy requiring employees to wear Monsoon clothes at work, the cost of which was deducted from wages, the company had effectively underpaid 1438 of its workers in the United Kingdom by over £104,000.