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New Look (company)

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British fashion retailer

New Look Retailers Ltd
Company typePrivate limited company
IndustryRetail
Founded1969; 57 years ago (1969)
Taunton,Somerset,
UK
FounderTom Singh
Headquarters
Weymouth,Dorset,United Kingdom: (Corporate Services)
London,United Kingdom: (Creative, Digital and Productive departments)
Number of locations
Approx. 570 (2021)[1]
Area served
Worldwide
Key people
  • Paul Gilbert - non-executive director[2]
  • Richard Collyer - CFO[2]
  • Helen Connolly - executive chairman[2]
ProductsClothing
RevenueIncreaseGBP £1,528 million (2014)[3]
IncreaseGBP £805.9 million (2014)[3]
OwnerBrait SA
Websitewww.newlook.com/uk

New Look is a British global fashion retailer with a chain ofhigh street shops. It was founded in 1969. The chain sells womenswear, menswear, and clothing for teens. New Look was owned by private equity groupsApax Partners andPermira, and founder Tom Singh,[4] until May 2015 when it was acquired by Brait SE (SA) for £780 million.[5]

History

[edit]

New Look was founded byTom Singh inTaunton,Somerset, in 1969.[5] Since then the company has expanded and previously operated across a chain of over 900 shops internationally, having opened inIreland in 2003,[6]Belgium in 2006, and also having had a presence inFrance, theNetherlands,Romania,Malta,Malaysia,South Korea,Singapore,Thailand,Indonesia,United Arab Emirates,China,Germany,Russia,Bahrain,Saudi Arabia,Azerbaijan andPoland, and having had a staff of over 18,000.[citation needed] The group had a turnover of £1,147 million in 2008 with profits of £180 million.[7]

New Look,Pontefract

In 2004, the company withdrew from the stock market and was taken back to being a privately owned business by founder Tom Singh and chief executive Phil Wrigley, and private equity investorsPermira,Apax Partners and Quillian Investments.[8]On 26 April 2007, a fire occurred at a New Look branch inOxford Street,London.[9] The subsequent investigation revealed an extensive catalogue of failings relating to fire safety precautions and measures. The company subsequently pleaded guilty to criminal charges and on 25 November 2009, was fined a total of £400,000 with £136,052 costs.[10] In 2010, the fines were upheld by the Court of Appeal.[11]

New look in the current branding and revive refit inCross Gates,Leeds in 2019.

In 2008, New Look continued their expansion in the UK and opened their largest shop at the time in Liverpool One Shopping Centre.[citation needed] In February 2009, the company's fortieth anniversary year, New Look opened their first shop inRussia.[12]

In July 2010, New Look opened its three-hundredth shop inGlasgow Fort Shopping Park. The shop is 18,000 sq ft (1,700 m2). It was built on the site of a formerBorders unit.

The largest New Look shop in the world opened inDublin,Ireland on 4 November 2010, located at theJervis Shopping Centre.[13] It was the twenty-ninth New Look shop in Ireland. Many of the outlets in Singapore have been closed, except CityLink Mall, City Square Mall and the latest opened shop,Republic Polytechnic. CityLink Mall and City Square Mall was closed down in October 2019 before COVID-19 pandemic.

In 2015, New Look was purchased by Brait SE; had 94 shops in China, and 852 globally.[5][14]

In June 2017, New Look launched their "My Life My Style My Look" campaign[15] and made history when they announced British modelGeorgie Aldous as their first ever male model in a full face of make-up.[16]

In 2018, New Look closed 60 shops in the United Kingdom and withdrew from international markets.[17] In 2020, as a result of theCOVID-19 pandemic, New Look filed forChapter 15 bankruptcy in the United States.[18]

In February 2025, theHigh Court of Ireland appointed provisional liquidators to New Look's Irish operations after substantial losses over the previous four years. On 20 February 2025, it was announced that New Look was to exit the Irish market.[19] The company was criticised in late February 2025 for refusing to accept its own gift vouchers during its closing-down sale.[20]

References

[edit]
  1. ^"New Look Retail Group Limited Annual Report 2018"(PDF). Archived fromthe original(PDF) on 2 March 2021. Retrieved8 June 2019.
  2. ^abc"New Look Group Leadership Team".
  3. ^ab"New Look Retail Group Limited Annual Report 2014"(PDF).
  4. ^Moulds, Josephine (4 June 2013)."New Look returns to profit".The Guardian. Retrieved27 October 2014.
  5. ^abcFarrell, Sean (15 May 2015)."New Look snapped up by South African tycoon".The Guardian. Retrieved10 October 2015.
  6. ^O'Donovan, Brian (20 February 2025)."New Look to exit Ireland, 347 workers facing redundancy".RTE.
  7. ^Sunday Times Top Track 100, 29 June 2008.
  8. ^"New Look pretax wiped out as sales drop".Reuters. 8 June 2011. Retrieved21 June 2023.
  9. ^"New Look fire brings record fine". 25 November 2009. Retrieved8 June 2023.
  10. ^"UK high-street firm New Look fined for serious breaches of fire safety | Fire News". TheBigRedGuide. Retrieved13 October 2013.
  11. ^"New Look Retailers Ltd v London Fire & Emergency Planning Authority [2010] EWCA Crim 1268 (16 June 2010)". National Archives. Retrieved27 December 2022.
  12. ^"Home". New Look. Archived fromthe original on 30 October 2009. Retrieved13 October 2013.
  13. ^"Press Release - Biggest New Look Store Launches in Dublin". 24-7pressrelease.com. 5 November 2010. Retrieved13 October 2013.
  14. ^"New Look seeks fashion edge in China with local designs".Reuters. 20 October 2016. Retrieved14 June 2023.
  15. ^"My Life My Style My Look | New Look".New Look. Retrieved17 December 2024.
  16. ^"Male beauty influencer and YouTube star Georgie Aldous from Gorleston is first man in makeup to feature in New Look fashion campaign".Eastern Daily Press. 2 June 2017. Retrieved17 December 2024.
  17. ^"New Look losses mount as Brexit, rains keep shoppers away".Reuters. 25 June 2019. Retrieved6 June 2023.
  18. ^"U.K. Retailer New Look Files for Chapter 15 Bankruptcy in U.S."Bloomberg Law. 28 September 2020. Retrieved16 October 2025.
  19. ^"New Look Irish stores to open on Sunday for closing down sale".The Irish Times. Retrieved12 March 2025.
  20. ^"Consumer watchdog intervenes as New Look refuses vouchers in closing down sale".The Irish Times. Retrieved12 March 2025.

External links

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