Home / Knowledge / News / Apparel/Garments / New Look secures rise of 18% in annual profits
New Look secures rise of 18% in annual profits
Jun '10
After securing a hike of about 18 percent in the yearly profits, fashion apparel chain, New Look, is hoping to generate more 1,500 jobs this year.

Although earlier, the company discarded its intentions to generate £650 million with its sotck market listing, on June 2, 2010, it announced an operating profit of £163 million for the year ending March 27, 2011.

Also, the like-for-like sale increased by 1.2 percent but company's Chief Executive, Carl McPhail was still wary about the future year.

According to McPhail, he was not in a position to give out a ruling on the renewal of February's postponed flotation that the firm, led by Gossip Girl star, Taylor Momsen, for the second time in a row, put on hold a stock market listing

More so, there were banks that depended on the stock market listing, but they were not acting on it immediately.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search