The company is bringing together senior representatives from brands including Missguided, Selfridges and Burberry to talk about modern slavery in the apparel sector and increasing transparency in the supply chain.
New Look's CVA plan under which it will close 60 stores has received almost unanimous creditor approval, it said Wednesday. And it’s looking to the future with a new approach to pricing and faster product development.
The chief executive of British retailer Marks & Spencer , Steve Rowe, said he and his new chairman, Archie Norman, differed very little on the strategic direction of the company and were working well together.
The 60 store closures that New Look is planning to keep it from going under may not be enough to achieve that aim, analysts said this week, adding that the closures underline the weakness of its menswear strategy.