New Look: Fate lies with landlords as sale option shut off

Attempts to sell New Look have been unsuccessful

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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