Landmark courting New Look

The Dubai-based Landmark Group is said to be courting fashion retailer New Look. Last week the British high-street retailer revealed that it was mulling over various options, such as a possible floatation on the London Stock Exchange or a sale to another private equity firm. The Dubai-based retailer told the Scotsman that it was in talks with New Look to purchase the company in a deal valued at £2 billion. "That is definitely a possibility," said Jayesh Ravindranath, Landmark's head of corporate marketing. Landmark's owner Mahesh Jagtiani currently owns 3 percent of New Look.