Budget fashion retailer New Look has postponed its planned initial public offering (IPO), making it the third private equity-backed firm in as many days to abandon a flotation in turbulent financial markets.
The company behind the Superdry brand worn by celebrities such as David Beckham said it plans to join the stock market, despite last week's decision by three much larger firms to abandon plans for listings.
Budget fashion chain New Look believes it can replicate the success of Sweden's Hennes & Mauritz as it laid out its international expansion plans ahead of a planned return to the stock market next month.
British budget fashion chain New Look launched its long-awaited initial public offering, hoping to take advantage of a tentative recovery in new issues and banish the ghosts of the last big UK retail IPO.
The sound of whinnying horses and thundering hooves set the scene for Christian Dior's haute couture show for next summer, with its opening sequence of riding habits, a personal favourite of Monsieur Dior.
Europe's retailers are braced for a tough 2010 amid signs a tentative economic recovery has yet to boost consumer spending and fears high unemployment and low wage growth will dampen confidence in the months ahead.