New Look is a leading multichannel retailer operating in the value segment of the clothing and footwear market in the UK and ROI. The company focuses in delivering value for money and ‘newness’, wherever, whenever and however it engages with customers. The New Look brand has high levels of awareness and recognition in the affordable womenswear market, catering to a broad customer audience. New Look also have a range for teen girls and an online menswear offer. New Look are the number 2 UK Womenswear retailer for women aged 18 to 44 by value.
Following the outbreak of COVID-19, and the persistence of longer term challenges surrounding declining high street footfalls & the rise of digital retail, the company restructured it's debt in November 2020. The restructuring saw New Look delever it's balance sheet, strengthen it's liquidity position, and obtain new investment. The existing Senior Secured Notes (SSNs) were swapped for equity, and the company obtained £42m of new investment in the form of 'New Money Notes'. Please see the Restructuring Presentation for more information.
Exchanged On
16 May 2019
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New Look Announces Completion of Recapitalisation Transaction
Strategic Review Update
Proposed Recapitalisation Transaction
Company elects to pay its 15 July 2020 coupon entirely In-Kind at 14%
NewLook COVID
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