There hasn’t been much in the way of news from struggling retailer New Look since securing essential financial support last November. But the retailer announced Tuesday a new appointment, and it’s big one.
“Everyone reacts to sincere things. When you do something that you really believe in it, and not just for commercial reasons, people react... people understand,” argues Roger Vivier's artistic director, Gherardo Felloni.
Fashion retailer New Look is set to come face to face with its major landlords in a High Court battle over its rent restructuring plans. Observers say the outcome could have major implications for high street retail.
New Look has this week completed its major recapitalisation that “significantly reduces long-term debt and provides financial strength and flexibility to deliver a sustainable trading platform for the company,” it said.
It can be hard to work out which names dominate UK fashion retail given the mix of online and offline shopping, but a new study has reimagined how the high street would look if e-tailers competed with physical stores.