Scottish stores under threat as New Look plans closures

Scottish stores under threat as New Look plans closures
 

Troubled fashion retailer New Look could be set to close Scottish stores as it plans to cut around 10 per cent of its branches as it continues to struggle with the weight of its debt.
Sky News reported that New Look, which was founded in England but is now owned by a South African investment company, is planning to commit to a Company Voluntary Arrangement (CVA), which would lead to restructuring.
READ MORE: New Look falls into the red
The retailer has 600 stores in the UK, with around 50 of those in Scotland. Ten per cent of closures would see around 60 stores shuttered, with plans to try... read more

 
12 January 2018 in Politics, Views: 55
Source: Scotsman
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