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

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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