Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Landlord takes back New Look's Stratford store

Food retailer Iceland is to take on New Look’s store in London’s Stratford Mall after the landlord activated a break clause on the lease under the terms of the company voluntary arrangement (CVA). 

The retailer has been served notice on the store, which was not earmarked for closure under the terms of its CVA that was agreed in March.

Iceland said it would be taking possession of the store in August and a supermarket would open in November.

The Stratford Mall store is one of a number of shops included in New Look’s CVA that were due to have their rents cut, but were not part of the 60-strong list of stores set for closure.

The Stratford Mall store would have required a 40% rent reduction.

It is the first shop known to have been taken back by a landlord since the launch of the CVA, which was agreed by 98% of New Look creditors on 28 March.

New Look declined to comment.



Readers' comments (1)

  • You opened a can of worms, so let this be a lesson to you New Look!

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.