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

New Look seeks to cut debt

New Look is reportedly planning to cut its £1.3bn debt in the new year, as tough trading continues.

The retailer has engaged advisers to come up with a solution to its debt problem, the Mail on Sunday reported, and is considering a debt-for-equity swap, whereby bondholders would be offered shares in the business.

This year New Look underwent a company voluntary arrangement (CVA) and closed its Chinese business in a bid to cut costs.

A New Look spokewoman said: “New Look continues to have constructive and supportive conversations with its stakeholders in what is an extremely tough retail environment.”


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.