The franchise deal between Charming Shoppes and UK fashion retailer Monsoon has been shelved as a result of "challenging trading conditions" in the US.

Some stores were closed last year, and the nine remaining Monsoon and Accessorize shops in the US will be shuttered over the next four months.

In January Monsoon said it had made a provision of £815,000 against the investment and this will cover the cost of the closures.