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New Look in property review

By FashionUnited

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Debt-laden fashion retailer New Look has embarked on a property review as part of its turnaround

as the search for a new chief executive gets under way.

Group property director Richard White, who joined the business in February, has begun a review of the 604-store estate in the UK.

He has hired property adviser CB Richard Ellis to analyse the future of its stores, which range in size from 600 sq ft to 30,000 sq ft.

New Look has struggled following a dire trading period last year, with its pre-tax profits wiped out. It made a £36m profit the year before.

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New Look