Tom Singh news and archive

Resale start-up Loop Generation announces investment

New Look founder Tom Singh and Ghost and Finery owner Touker Suleyman have invested in designer resale start-up Loop Generation. The two fashion entrepreneurs have invested an undisclosed sum in the London-based circular-economy venture, which offers pre-loved, luxury fashion covering womenswear, menswear, accessories and footwear. Loop...

People

New Look founder steps down, non-exec directors appointed

New Look has announced that its founder Tom Singh is retiring at the end of June, and that four new non-executive directors have been appointed. The news comes following the completion of the company's restructuring transaction announced on 3 May that saw its debt reduced from 1.35 billion pounds to 350 million pounds. Commenting on his decision...

Business

New Look’s Paul Mason to step down following 2 billion pound deal

New Look’s chairman Paul Mason is set to exit his role at the high street retailer following its acquisition by South African private equity vehicle Brait earlier this month, in a deal which value the chain at close to 2 billion pounds. According to Sky News, the retail veteran, who is also the current chairman at Cath Kidtson, is set to leave...

Fashion

New Look chairman stepping down

Fashion retailer New Look has confirmed that chairman Alistair McGeorge, who has helped turn around the budget fashion brand, is to step down from the Board at the end of May to “pursue other opportunities”. McGeorge joined New Look in 2011 following the departure of its chief executive Carl McPhail and during his tenure he has helped the retail...

Fashion

New Look: new management and back to older target

After 42 years, Tom Singh, founder of New Look, has stepped back into the retailer´s headquarters to take control of the day-to-day management. Up to no, Singh retained 23% of the shares and held the non-executive director title. Reasons to Singh´s back have much to do with New Look´s private equity owners, not very happy with the second largest...

Design

New Look chief executive resigns

High street value retailer, New Look, has announced the departure of their chief executive, Carl Mcphail. The company has confirmed a change in leadership but wouldn’t comment further on Mcphail’s resignation. This latest departure comeson the back of John Gildersleeve’s (former non executive chairman) resignation in January to ‘focus on other...

Fashion

Stock Control Trims Fashion Retailer Sales

Discount fashion retailer New Look, currently subject to a takeover offer from founder Tom Singh, reports UK like-for-like sales have slipped by 3.6% in the first half. The UK's third largest women's clothing retailer, which has around 500 shops across the country, says sales have dipped due to tighter control of summer stocks which saw more...