Wednesday October 21, 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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The insurer’s refusal to pay business interruption claims over Covid-19 closures is ‘self-serving’, counsel for publican says

Peter O'Dwyer | 16 hours ago

Recruitment firm Mason Alexander claims executives left and set up tech start-up in direct competition with it

Rosanna Cooney | 3 days ago

Data transfers have come under scrutiny following Facebook’s recent clash with the IDPC over a European legal ruling

Aaron Rogan | 3 days ago