Thursday, January 28

Fashion Chain New Look’s Restructuring Seeks Zero Rent at 68 Stores – Sourcing Journal


British high-street retailer New Look has gone to landlords with its hat in hand. Under pressure amid the pandemic, the fashion chain formulated a restructuring that seeks to pay rent based on sales and calls for zero rent at 68 stores, a move, it claims, that will preserve 11,200 jobs. The retailer secured a 440…

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