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New Look - ISIN: NLK_2027

Price: 100.0000 *
Price and Yield are from 7 days ago.
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Company Description

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 its debt in November 2020. The restructuring saw New Look delever its balance sheet, strengthen its liquidity position, and obtain new investment. The existing Senior Secured Notes 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.

These are investments in the new, post-restructuring, New Look entity.

Company Information

Company Legal Name New Look
Industry Retail
Country of Origin United Kingdom
Year of Incorporation 1969
Ownership Status Private
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