U.K. fashion retailer New Look to exit China

Publication

13 November 2018 à 10h47

Updated on 10 May 2019 à 16h38

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1 minute

Publication: 13 November 2018 à 10h47, Updated on 10 May 2019 à 16h38

Reading time: 1 minute

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Publication

13 November 2018 à 10h47

Updated on 10 May 2019 à 16h38

Reading time

1 minute

Publication: 13 November 2018 à 10h47, Updated on 10 May 2019 à 16h38

Reading time: 1 minute

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Embattled U.K. fashion retailer New Look is to cease Chinese operations, closing 130 remaining stores. The move follows a strategic review of the Chinese business in June. The company suspended an ambitious 450-store rollout plan after opening 148 units. In March 2018, South African-owned New Look signed a Company Voluntary Arrangement with its creditors and landlords in the U.K., closing 60 stores.

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