A list of stores that troubled fashion retailer New Look is said to be planning to close is circulating and it looks like Scotland and Wales will see the biggest impact but London flagships could also go.
Westfield London’s much-talked-about extension will open in three phases starting in the spring with phase two not due until this summer and the entire £600 million extension to be open by the autumn.
New Look is said to be planning to axe up to 60 of its UK stores as the environment for British fashion retail remains tough and the chain proves to be one of the most prominent casualties of weak consumer sentiment.
Embattled New Look can’t seem to catch a break at present. The value fashion retailer, which was once a UK sector star, now faces a major insurance issue with its suppliers unable to get adequate insurance protection.
Primark has tapped a former Zara chief to head its womenswear division. Paula Dumont Lopez, who was named New Look’s new chief executive last year but never took up the role, will join Primark this month.
The billionaire co-owner of retailer Fawaz Alhokair Group has been arrested as part of an anti-corruption operation in Saudi Arabia. The group represents brands including Aldo, Mango and New Look in the Middle East.