New Look's value cut by private equity backers

Failed float plans sees value slashed by almost half, says London Evening Standard.
Publish date:
1_184_5169_New Look logo.jpg

A report in the London Evening Standard has said that fashion chain New Look has had its value slashed by almost half by its private equity backers, following its failure to float last year.

12 months ago, New Look was valued at £1.7 billion. However, it shelved its float plans in February 2010, saying that the timing wasn't right.

Since then, says the Evening Standard, it has issued what were effectively three profit warnings.

To read the full story, click here.


5_Matalan, small.jpg

Good value

The rise of value retailers and their impact on licensed brands.

Featured Jobs

Rainbow logo landscape_home of classic Final

Product Manager

Rainbow Designs Ltd I Olympia, London I Salary: Competitive I Date Published Wednesday 16th January 2019