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New Look Plans to Shut 60 Stores and Eliminate Nearly 1,000 Jobs

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U.K. fashion chain New Look announced Wednesday that it plans to shutter 60 of its stores and let 980 employees go. As part of a revitalization plan called the Company Voluntary Arrangement (CVA), New Look is planning to close more than a tenth of its 593 stores, and six more that are sublet to third…

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