New Look future hangs in balance as property giants reject CVA

New Look

Two of New Look’s biggest landlords are poised to vote against its crunch CVA today in a move that will throw the fashion retailer’s survival into doubt.

British Land and Landsec are both set to oppose New Look’s company voluntary arrangement, according to Sky News. 

The property giants own 29 New Look stores between them. 

Hammerson, which operates a host of major shopping centres including the Bullring in Birmingham and London’s Brent Cross, is also strongly considering voting against the CVA. 

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