‘Landmark CVA vote must usher in a New Look for retail rents’
One line stood out in New Look chief executive Nigel Oddy’s statement this afternoon after creditors rubber-stamped its controversial company voluntary arrangement (CVA).
“We look forward to working closely with our landlords and all creditors to ensure we can navigate the uncertain times ahead together,” Oddy said.
“Working closely”. “Together”. Those concepts will be absolutely crucial, not just to New Look’s transformation plan, but to the future of physical retail in the UK.
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