Alistair McGeorge, Chairman, said: “I am delighted that we have seen continued momentum in New Look’s performance. The Group has delivered an excellent result in a challenging trading environment, and this performance is a testament to the success of our recovery programme and the strength of our brand. Once again customers have been tactical in their shopping through December, delaying spending until later in the month and searching out best value, which New Look was well equipped to deliver. Additionally, our online sales have been very strong, up over 50% on last year.
“Looking ahead we expect the economic outlook to remain challenging, however, we are confident in our ability to maintain the positive momentum being generated from the improved value of our ranges, our store refurbishment program and continued growth of our online offer.”
New Look Shareholders
Apax Partners is one of the world's leading private equity investment groups. It operates across the United States, Europe and Asia and has more than 30 years of investing experience. Funds under the advice of Apax Partners total over $40 billion around the world.
These Funds provide long-term equity financing to build and strengthen world-class companies. Apax Partners Funds invest in companies across its global sectors of Tech & Telecom, Retail & Consumer, Media, Healthcare and Financial & Business Services.
Permira is a European private equity firm with global reach. The Permira funds, raised from pension funds and other institutions, make long-term investments in companies with the ambition of transforming their performance and driving sustainable growth.
Founded in 1985, the firm advises funds with a total committed capital of approximately €20 billion. The Permira funds specialise in investing in five key sectors: Consumer, Financial Services, Healthcare, Industrials and Technology Media Telecoms. Since 1985 the Permira funds have made nearly 200 private equity investments with a focus on driving transformation to build better businesses.
Tom founded New Look in 1969 with a single store. As well as running the BMD department at New Look, Tom is the Chairman of TIE in the UK, a founder member of the Social Investment Task Force and is active as a philanthropist. The family's charitable activities include eye care and education in India. The family is also a key investor and venture partner in a UK based Cleantech Fund.
Textiles | On 22nd Jun 2018
For the fourth consecutive season, India is expected to be the...
Apparel/Garments | On 22nd Jun 2018
Danish firm Organic Basics is working with Swedish company Polygiene, ...
Textiles | On 22nd Jun 2018
The value of textile and garment exports from Pakistan increased by...
'Worsted wool is the ideal fabric for menswear'
Palod Himson Machines
Fabric processing machines are picking up
Colorjet India Limited
We would like to venture more companies into the Indian market
<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...
<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...
Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....
Nature Works LLC
Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...
About one in every 20 patients picks up an infection while hospitalised....
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
Divvya and Nidhhi Gambhir
<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...
The hype around 'designer jeans' was created by him. And the new wave of...
Bani Batra’s couture wedding collection is inspired by traditional Indian...