New Look decides to exit from China

As part of the review of New Look’s international strategy, New Look Retail Group Limited said in a statement that its board of directors has decided to exit its retail business in China. The company said, following the decision, New Look Commerce (Shanghai) Co., Limited has been gradually reducing the number of its stores and now intends to close its remaining 120 stores in the market by the end of December 2018 and the company’s Shanghai head office will close shortly after this date.