Monsoon raining profits!

The founder of Monsoon took home more than £30m in dividends from the fashion group last year. Monsoon Holdings, the Jersey company through which Peter Simon owns the retailer, received £76.2m in dividends for the 12 months to August 2011. Of this, £44.8m was loaned back to the company to provide funding. Simon, who set Monsoon up in 1973, said it is the tenth time a dividend has been paid. The company also cleared a £200m loan that Simon arranged to take it off the stock market five years ago. Monsoon is now debt-free. Bosses at the retailer received £6.4m, the rewards of a three-year incentive scheme.

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