The future of fashion retailer New Look now relies upon landlords after a sale process conducted in tandem with a CVA proposal failed to produce a deal.
New Look, which unveiled CVA plans last month after the Covid pandemic decimated trade in its stores, canvassed sale interest as well in a bid to secure its future. However a deadline for offers passed yesterday without progress.
That means that New Look depends upon landlord backing for its CVA when creditors vote on the proposals next week.
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