christo weise news and archive

New Looks pulls the plug on London HQ move

London - High street retailer New Look has canceled plans to move its headquarter to a new location in London after facing increasing financial pressure. New Look was set to relocate its headquarters to a new 123,000 square foot office at R7 at King’s Cross 67-acre site this summer but has decided to remain at its current location on Mortimer...

Business

New Look faces critical situation as insurers cut coverage for suppliers

London - New Look high street woes are only set to deepen, as credit insurers have reportedly pulled their coverage against insolvency to its suppliers. Insurers such as Euler Hermes have pulled their coverage on new shipments of products to New Look, although it is still reportedly offering "residual" cover on existing orders, reported the...