At first glance, New Look appears to be sitting rather pretty in Ireland. The Irish wing of the British retail giant has net assets of more than €30 million, including some €12 million nestled in its bank account, and according to its most recent audited accounts, it made a €4.4 million net profits for the year ending March 30, 2019.    However, appearances can often be deceiving. Unless the chain can convince its landlords to reduce rents and creditors to take sharp haircuts, its Irish network of 27 stores will be insolvent by next month. Such a move would result…

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