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New Look’s Restructuring Plan Seeks Zero Rent at 68 Stores

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

British high-street retailer New Look has gone to landlords with its hat in hand. Under pressure amid the pandemic, the fashion chain formulated a restructuring that seeks to pay rent based on sales and calls for zero rent at 68 stores, a move, it claims, that will preserve 11,200 jobs. The retailer secured a 440…

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