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New Look stock market revival

By FashionUnited

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New Look is preparing to resurrect its £1.7 billion stock market flotation just one month after it was controversially pulled.

Directors of the clothing retailer are to meet on Tuesday to discuss a revival of the listing, which could come as early as June. New Look scrapped plans to join the stock exchange last month, blaming market volatility. It was the second time in three years the group had abandoned a float.

City sources said: “The listing was always postponed not cancelled. There has been a lot of soul searching about what went wrong, but the company has delivered very strong trading performance and has a very confident outlook, which gives it a good excuse to speak to investors about a float again.”

New Look