Which New Look stores are closing down in the UK and what is a Company Voluntary Agreement? | The Sun

Which New Look stores are closing down in the UK and what is a Company Voluntary Agreement? | The Sun

HIGH street fashion retailer New Look has confirmed that several stores will close forever in 2023 – we round up which ones are affected.

The retailer is bringing the shutters down on more of its shops in September.

The high street chain last closed 85 of its shops and laid off hundreds of staff back in 2018.

A number of other sites have pulled down the shutters for the last time this year.

Find out if your nearest store is closing down – and why so many closed permanently recently…

How many New Look stores are closing this year?

The retailer has already closed 14 stores this year and plans to shut another three forever this week.

  • Slough – September 5
  • Windsor – September 5
  • Beverley – September 8

The following stores have already closed in 2023:

  • Birmingham, Fort Shopping Park – January 9
  • Trowbridge – January 23
  • Coventry – January 29
  • Birmingham, Bullring – January 30
  • Kirkcaldy, Fife – February
  • Walthamstow, London – February 4
  • Grosvenor Centre, Northampton – February 15
  • Witham – May 18
  • Teesside Retail Park – July 7
  • Middlesbrough  – July 8
  • White Rose Centre, Rhyl – July 25
  • Kings Chase Shopping Centre, Bristol – August 9
  • Crossgates shopping centre, Leeds – end of August
  • Cornmarket, Lancaster – September 2

It's not all bad news though because in November 2022 New Look opened several shops across the UK.

It also has plans to open more stores later on this year – though it hasn't said how many and where in the UK they'll be.

How many New Look stores shut in previous years?

In 2018, New Look sought approval from creditors to cut 1,600 staff and close more than 85 stores after it performed poorly and struggled to pay back loans.

In a statement, the company earmarked 60 out of its 593 stores for closure, as well as a further six sites which are sub-let to third parties.

The Company Voluntary Arrangement proposal also included a reduction in rental costs and revised lease terms across 393 stores.

As a result, up to 980 of its 15,300 UK staff were made redundant.

And later on in 2018, a further 25 stores were announced to be closing.

The retailer also closed all 148 of its stores in China.

New Look closed its stores in the following locations:

  • Aberdeen – Bon Accord
  • Beckton
  • Bolton Mens
  • Borehamwood
  • Brynmawr
  • Burton Mens
  • Cameron Toll
  • Cardiff – Queen Arcade
  • Clevedon
  • Craigleith
  • Doncaster Mens
  • Dundee – Wellgate
  • Exeter Mens
  • Fleet
  • Gateshead – Team Valley
  • Glasgow – Buchanan Street Mens
  • Gorleston
  • Hanley Mens – Intu Potteries
  • Hounslow Mens
  • Hull – Whitefriargate
  • Keynsham
  • Kingswood
  • Leeds – The Core Shopping Centre
  • Leicester – Haymarket
  • London – Marble Arch
  • London – Moorgate/ London Wall
  • London – Oxford Circus
  • Maidenhead
  • Maidstone Mens
  • Merry Hill Mens
  • Metro Centre – Mens
  • Monmouth
  • Newport Mens
  • Newton Mearns
  • North Shields
  • Nottingham Mens
  • Ocean Terminal
  • Peterbrough Bridge Street
  • Pontypool
  • Portswood
  • Ramsgate
  • Reading – Broad Street
  • Reading Oracle Mens
  • Rhyl
  • Romford Mens
  • Rugby
  • Shrewsbury Mens
  • Sidmouth
  • Stockport – Merseyway
  • Stockton-on-Tees
  • Stratford Upon Avon -Bridge Street
  • Thornaby
  • Tonypandy
  • Torquay – Union Street
  • Tredegar
  • Troon
  • Wallsend
  • Weston Favell
  • Wigan Mens

When was New Look founded?

New Look was founded by Tom Singh in Taunton, Somerset, in 1969.

Prior to the closures, it now has more than over 900 stores internationally, including in Belgium, France, the Netherlands, Republic of Ireland and Romania.

It has expanded into Asia, with outlets in Malaysia, South Korea, Singapore, Thailand, Indonesia, United Arab Emirates and China.

The group had a turnover of £1.1billion in 2008, with profits of £180million.

New Look was acquired by South African organisation Brait SE, which also owns the health club chain Virgin Active, for £780 million in May 2015.

Brait SE is a South African investment heavyweight in which tycoon Christo Wiese owns about a third of its stock.

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