The claims made by the disgruntled landlord creditors are stark and disputed. They allege the fashion chain New Look has made a wilful decision not to pay its debts as they fall due. Senior counsel Rossa Fanning, acting for the landlords, told a pre-petition hearing at the High Court yesterday that the Irish imprint of the company has around €15.6 million on its balance sheet which means it can afford to pay its rent debts in full if it wants to. Either the company is not insolvent, Fanning argued, or it is a “technical, contrived, manipulated or strategic” insolvency designed…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .