Monsoon owner Peter Simon has said that he will not be taking a dividend until a company-wide restructuring is completed.

The group is set to review 141 stores in its estate as well as looking at separating its Monsoon and Accessorize brands.

The company reported a pre-tax loss of £155 in 2015, when Mr Simon received a dividend of £26.9 million according to reports. However, he has said that he will not take a dividend until the restructure has completed.