Fashion retailer Monsoon Plc says that its chairman Peter Simon's family is considering making a bid for the 24.6 per cent of the company that it doesn't already own.

The company, whcih operates the Monsoon and Accessorize chains, said in a statement that talks were "at an early stage" and that there were no guarantees that an offer would be made.

Simon and his family boosted their stake in the business to 75.4 per cent in October 2003.