A new report has emerged suggesting British retail giant New Look could soon be up for sale. According to Sky News, the clothing retailer’s owners, Alcentra and Brait, alongside New Look’s management, are reviewing options with advisors that could lead to the auctioning off of the business. The media outlet said that New Look is looking into...
27 Jun 2025
British retailer New Look, one of the UK’s leading womenswear brands in the 18-44-year-old sector, has successfully onboarded 100 percent of its core supplier base onto digital traceability platform TrusTrace. In a statement, New Look said the move to utilise TrusTrace technology would allow it to "more effectively map and manage its supplier...
6 May 2025
High street fashion retailer New Look, one of the UK’s leading womenswear brands in the 18-44 sector, has secured a 30-million-pound investment from its shareholders to accelerate its digital transformation and optimise its online experience for customers. The retailer said the significant investment would “supercharge” its digital growth as it...
3 Apr 2025
Fast fashion retailer New Look is preparing to wind down its operations in Ireland, where a subsidiary for the company has been appointed a provisional liquidators following a battle with widening losses over several years. The High Court has approved the appointment for New Look Retailers (Ireland) Limited after its parent company said it was...
20 Feb 2025
British retailer New Look is believed to be on the verge of accelerating its store closure programme ahead of the UK’s incoming Budget, which will see a number of tax increases fall into place from April. According to The Times, around a quarter of the retailer’s store network are understood to be at risk when leases expire. This could put a...
6 Jan 2025
New Look’s accounts for the full year show that total revenue declined to 735.4 million pounds due to store closures and tough trading conditions. The company’s operating profit rose to 17.4 million euros but adjusted Ebitda decreased to 46.7 million pounds following reduction in year-on-year sales but boosted by targeted cost savings. The...
28 Oct 2024
British retailer New Look has revealed a new partnership with the International Transport Workers’ Federation (ITF) through which it hopes to ensure the protection of transport workers’ human and labour rights among its supply chain. The duo have established a new memorandum of understanding (MoU) through which New Look has agreed to conduct...
29 Aug 2024
British fast fashion brand New Look is set to invest 3.3 million pounds into updating its Manchester-based retail network over the next year ahead of a possible nationwide upgrade. In the city the company currently operates 20 stores, which will each be subject to a range of trial initiatives incorporating in-store technology, improved loyalty...
21 May 2024
British high-street fashion chain New Look is partnering with traceability and compliance solutions provider TrusTrace to gain greater visibility across its supply chain through suppliers and assist in identifying responsible sourcing and business continuity risks. The move is part of New Look’s ‘Kind to Our Core’ sustainability programme, where...
28 Nov 2023
High street fashion retailer New Look has completed a 100 million pound refinancing deal which it says it will use to boost its future growth plans. The company reported a pre-tax loss for the year ended March 25 that widened to 87.8 million pounds from 25.5 million pounds the previous year. This loss included an impairment charge of 47.4...
19 Oct 2023
British fashion retailer New Look is believed to be in advanced talks about a possible debt refinancing that would aim to support it through a turbulent trading environment. The high street fashion chain is reportedly close to finalising a 100 million pound fund that would replace a term loan that matures in June 2024. The move was reported by...
4 Sept 2023
Retail chain New Look has rolled out a number of return kiosks across a selection of its stores in a bid to reduce the time spent by staff when processing such returns. The kiosks, powered by returns platform ZigZag, will also be used as a method of collecting data, to better understand the needs of the customer and why they are opting to return...
25 Aug 2023