All New Look articles – Page 3
-
NewsNew Look CVA gets green light from landlords saving over 11,000 jobs
New Look has had its company voluntary arrangement (CVA) seeking to move over 400 of its stores on to turnover-based rents approved by creditors, saving over 11,000 jobs.
-
NewsNew Look future hangs in balance as property giants reject CVA
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.
-
NewsBoohoo eyes New Look as crunch CVA vote looms
Boohoo is understood to be planning a swoop on New Look if its CVA is not voted through by landlords this week, with the fashion retailer warning it could collapse without rent cuts.
-
Opinion‘If landlords reject New Look CVA, they’ll be next in line for administration’
A lot of people have had to swallow bitter pills to help safeguard the future of New Look. Now one final group, landlords, is being asked to share the harsh medicine.
-
NewsNew Look: Fate lies with landlords as sale option shut off
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.
-
NewsNew Look requires backing of half of large landlords to pass CVA
Embattled fashion retailer New Look will need to convince at least 10 of its 20 largest landlord creditors to support its CVA or risk “Armageddon”.
-
NewsNew Look landlords accuse retailer of inconsistency as CVA teeters
New Look is facing an uphill battle in convincing landlords to vote in favour of its CVA, with many store owners growing increasingly disgruntled about the retailer’s perceived lack of transparency in negotiations.
-
NewsNew Look ‘very confident’ of winning CVA support but landlord body hits out
New Look chief executive Nigel Oddy is “very confident” landlords will back the fashion retailer’s proposed CVA – its second in two years.
-
NewsNew Look launches CVA following new financing
Under-pressure fashion retailer New Look has unveiled CVA proposals after conducting a £440m debt-for-equity swap and with lender backing.
-
NewsNew Look launches CVA and recapitalisation
Embattled fashion retailer New Look has launched a company voluntary arrangement (CVA) in a bid to “rebase” its existing leasing portfolio.
-
NewsBoohoo factory scandal: Call for evidence as retailers seek solutions
The barrister running an independent review into Boohoo’s Leicester supply chain, Alison Levitt QC, has made a public call for evidence.
-
DataData: M&S to Monzo – the top 50 brands bossing customer experience
In the midst of the coronavirus pandemic, customer needs and behaviours have shifted rapidly in just a few months.
-
NewsNew Look mulls pre-pack administration in bid for turnover-based rents
Struggling fashion retailer New Look is threatening landlords with a potential pre-pack administration in a bid to move its store estate over to turnover-based rents, Retail Week can reveal.
-
NewsNew Look in crunch talks over ‘radical’ switch to turnover-based rents
New Look is pressing its landlords to make a “radical” switch to turnover-based rents as it seeks to slash its property bills amid the coronavirus crisis.
-
NewsHigh street fashion ‘mystery boxes’ sold to help factory workers
Fashion app start-up Mallzee has launched a mystery clothing box service, Lost Stock, selling well-known fashion brands to help tackle the issue of cancelled stock and its impact on Bangladeshi workers.
-
OpinionOpinion: Supporting suppliers now will pay dividends tomorrow
The coronavirus pandemic has not only decimated retailers’ performance, its effects are being felt by the industry’s suppliers too.
-
NewsCoronavirus: DFS chiefs to take pay cut and New Look pauses production to address impact
Furniture retailer DFS and fashion group new Look have revealed a range of initiatives designed to address the impact of store closures and business disruption because of the coronavirus outbreak.
-
OpinionCoronavirus: Cash, agility and customer focus will mark retail’s winners
The likely collapse into administration of Laura Ashley is not solely the result of coronavirus. The pandemic was sadly the last nail in the coffin of a retailer that has struggled to appeal to shoppers for some time.
-
NewsReading shopping centre owner wins permission for residential development
The owner of Reading’s Broad Street Mall shopping centre has gained planning permission to add new retail space as well as residential accommodation as part of its regeneration project.
-
NewsNew Look cuts quarterly losses with ‘robust’ performance
Fashion retailer New Look reduced losses in its third quarter, helped by cost control and lower markdown activity.