Clothing & ShoesHigh Street
New Look reveals plan to slash debt to £350m
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2019/01/geograph-4799384-by-Derek-Harper-e1547459637492-780x470.jpg?lossy=1&strip=1&webp=1)
High street retailer New Look has announced it has reached an ‘in principle’ debt-for-equity swap proposal with key stakeholders to reduce its debt by 80%.
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