An iconic fashion chain owned by retail giant H&M is the latest to launch a closing ... Monki is set to implement drastic changes to its UK stores - and in some cases, close the shutters entirely.

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A TRENDY fashion chain owned by H&M has begun closing all of its stores. The brand previously had seven shops across the UK before its owner decided to cut costs by closing its high street stores.

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Pressure on high-street retailers has been a long-running theme in the UK, and there's no sign of it ... retailers closing shops this week is the H&M-owned fashion chain Monki.