
Less than two years on from its CVA, New Look is in talks with its landlords again and has appointed property agents to help it negotiate rent deals based on turnover as it prepares to reopen its store estate this month.
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Less than two years on from its CVA, New Look is in talks with its landlords again and has appointed property agents to help it negotiate rent deals based on turnover as it prepares to reopen its store estate this month.
Hundreds of thousands of garment workers across Asia have been laid off, according to the Workers Rights Consortium, and are now struggling to survive with little welfare support.
The owners of fashion businesses like River Island, The Edinburgh Woollen Mill Group, Arcadia, Charles Tyrwhitt, New Look and Monsoon Accessorize have all seen their estimated personal wealth fall over the past year.
Two Sports Direct managers say they are still working despite being on furlough, while the group’s property chief has accused the bosses of Westfield of having “their heads in the clouds”.
The cancellation of orders by UK retailers is causing a "major crisis" for Bangladesh’s garment industry, according to a government minister.
With physical shops in the UK remaining closed, a huge volume of stock is building up both in stores and in warehouses, and retailers are potentially facing a £15 billion stock write-off, according to new analysis.
New Look is suspending payments to suppliers for stock it has taken delivery of and is looking at ways that products already in existence can be used towards AW20 and even SS21 collections.
New Look has announced that Stuart MacKenzie has joined the board of directors as a non-executive member, replacing John Gnodde.
Recovering value fashion retailer New Look said on Tuesday that it's stopping all production and reining-in its marketing as it deals with an unprecedented situation due to the coronavirus.
Fast fashion stores across the UK and Ireland are shutting their doors for who-knows-how-long as footfall drops to a trickle, despite the government not having specifically ordered shops to shut.