Tuesday October 27, 2020

‘Plainly not insolvent’ New Look goes back to bargain on rents

In a landmark judgment last week, the High Court refused to appoint an examiner, noting the chain had millions on its balance sheet

18th October, 2020
New Look had an interim examiner appointed in late August following a petition to the High Court

New Look Retailers (Ireland), the high street fashion chain, will not appeal the High Court’s dismissal of its application for examinership, and will actively engage with its landlords to negotiate rents.

At a hearing to decide the costs of the examinership application, which was opposed by a group of New Look’s landlords, the court was told that the firm‘s trading position had worsened in recent weeks and that one of its stores had...

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