New Look
This coverage explores New Look’s strategy and performance in the UK retail sector, focusing on store operations, product development, marketing campaigns, financial results, and leadership decisions. Reporting highlights how New Look responds to changing consumer trends and competitive pressures — providing insight for executives, managers, and professionals in fashion, merchandising, and retail operations.
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Jan- 2021 -21 JanuaryClothing & Shoes
Apricot switches to turnover rent after CVA
Apricot, the women’s fashion retailer, has changed the lease agreements for the majority of its UK portfolio to turnover-based rents, according to Drapers. The decision, which will impact 13 of the brand’s 14 UK stores, was reportedly given the green light on 15 January. The move came as a result…
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Nov- 2020 -10 NovemberClothing & Shoes
New Look completes recapitalisation transaction
New Look has announced the completion of a “comprehensive” financial recapitalisation following the High Court’s sanction of New Look Financing’s scheme of arrangement. The recapitalisation is set to “significantly” reduce long-term debt for the group, whilst providing financial strength, funding and flexibility to “deliver a sustainable trading platform for the…
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Sep- 2020 -23 SeptemberSupermarkets
Lone Star drops out of Asda race
US private equity firm Lone Star has reportedly dropped out of the £6.5bn race to acquire Asda from Walmart. According to the Telegraph, Lone Star was unable to meet the asking price asked by Walmart, leaving its rival Apollo in pole position for the grocer. However, reports also suggest that…
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15 SeptemberHigh Street
Creditors approve New Look CVA
New Look has announced that a CVA proposal launched last month has been approved by the majority of its unsecured creditors in a vote that was held today (15 September). Following the vote, the retailer will have a three-year rent holiday across 68 of its sites, as well as rent…
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15 SeptemberHigh Street
New Look landlords to reject CVA
New Look’s biggest landlords have reportedly rejected the retailer’s CVA plan in a move that will “throw its survival into doubt”. British Land and Landesc are now set to vote against its latest rescue plan in a vote that will be held later today (15 September), according to Sky News. …
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9 SeptemberClothing & Shoes
New Look seeks support from landlords as CVA deadline approaches
New Look is calling on its landlords to support a restructuring plan to reduce rent paid on retail sites, after it failed to attract a buyer for the business. The CVA is set to be considered at a meeting on 15 September. A successful vote will see the financial restructuring…
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7 SeptemberSupermarkets
Asda future could be decided this week as takeover deadline looms
The future of ‘Big Four’ grocer Asda could be decided as early as this week, as rival private equity firms reportedly finalise their bids. According to The Telegraph, bids for the grocer, which is valued at around £6.5bn, are due today (Monday 7 September) with private equity firms Apollo Global…
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Aug- 2020 -21 AugustHigh Street
Ex-Asda and Debenhams chiefs in rival £6.5bn bids for Asda
Retail bosses Paul Mason and Rob Templeman are reportedly set to launch rival £6.5bn bids for supermarket giant Asda. According to Sky News, the former Asda and Debenhams chief executives are being lined up to front bids from Apollo Global Management and Lone Star Funds respectively. It comes after Walmart,…
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14 AugustClothing & Shoes
New Look to secure £40m of funding
New Look has agreed a deal with its creditors to secure an additional £40m of funding to help ride out the covid-19 pandemic. Under the terms, New Look said it will have funding to provide a sustainable platform for post-Covid trading and enable the group to invest in, and deliver,…
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11 AugustClothing & Shoes
New Look eyes second CVA deal
Embattled fashion retailer New Look is reportedly planning to launch a second CVA that will ask its landlords to switch to a turnover-based rent system. According to reports it is set to appoint ‘Big Four’ accountancy firm Deloitte to negotiate with over 450 landlords across its 480 store estate. It…
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