Seven days ago, the commercial law firm Ivor Fitzpatrick & Co dispatched a letter to 3 Burlington Road, the registered office for the Irish operations of New Look, the fashion retailer. Acting on behalf of the Isle of Man company behind the Jervis Shopping Centre in Dublin, Ivor Fitzpatrick was issuing a High Court action against the British owned retailer over rent. New Look signed a 20-year lease for its Jervis store in 2010 and its annual rent was €1.3 million as of 2014. However, the landlord is claiming that the retailer has fallen behind and is seeking summary judgement…

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Troubled by its British operations, the high street giant New Look is now weighing up the future of its Irish chain

It has grown both sales and profitability across its Irish network. However, as it prepares for a radical restructuring of its beleaguered UK business, New Look is now working with advisers to assess options for its Irish subsidiary including a potential examinership.

14th Aug, 2020 - 4 min read

Ian Kehoe

Editor

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