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

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

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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