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New Look reportedly mulling pre-pack over rent talks

9 days ago   |   By

British fashion retailer New Look has reportedly warned landlords it could launch a pre-pack administration deal if they block its attempt to move to turnover-based rents.
According to Retail Week, multiple sources have said New Look has hired consultancy firm CBRE to help it move its 500-strong store estate across to turnover-based rents, and that a pre-pack administration could be possible if those talks fall through.
It comes as a growing number of retailers are calling for these types of rent agreements, which see rents linked to each store's sales.
If the pre-pack administration goes...
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New Look warns landlords of pre-pack

New Look warns landlords of pre-pack

9 days ago   |   By

New Look is warning landlords that it might have to launch a pre-pack administration if they continue to block the retailer's attempts to negotiate turnover-based rents.
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