New Look 長，率いるs for a 大規模な 再編成 as it wants to 支払う／賃金 rent based on how much shops make

  • ?New Look is 推定する／予想するd to go ahead with a Company Voluntary 協定
  • ?It will ask landlords at more than 450 蓄える／店s to 受託する new 賃貸し（する） 契約s
  • ?普通の／平均（する） spending in its 蓄える／店s is still only around half the level of last year

By NEIL CRAVEN FOR THE MAIL ON SUNDAY

Updated:

Fashion 巨大（な） New Look is 均衡を保った to 誘発する／引き起こす a 大規模な 再編成 in an 試みる／企てる to reboot the chain's 財政／金融s and 涙／ほころび up 賃貸し（する）s 重さを計るing the 商売／仕事 負かす／撃墜する.

The company, which has more than 10,000 staff, is 推定する／予想するd to 任命する 助言者s from Deloitte as soon as this week to 監督する an insolvency 過程 known as a Company Voluntary 協定.

It will ask landlords at more than 450 蓄える／店s to 受託する new 賃貸し（する） 契約s that would 確実にする it 支払う／賃金s rent based on how much money each shop makes. It is the first time a major retailer has 需要・要求するd 一面に覆う／毛布 賃貸し（する） 契約s linked to turnover and will be closely watched by all its high street 競争相手s.

New Look will ask landlords at more than 450 stores to accept new lease contracts

New Look will ask landlords at more than 450 蓄える／店s to 受託する new 賃貸し（する） 契約s

普通の／平均（する） spending in 蓄える／店s is still only around half the level of last year. Fashion chains Jigsaw and River Island are also said to be considering CVAs. Sources said that New Look had opened too many shops in the wrong places and was 支払う／賃金ing unsustainable rent.

Some landlords ? accustomed to 直す／買収する，八百長をするd rent 支払い（額）s, long 契約s and 上向き-only 支払い（額） reviews ? have complained 激しく about the unorthodox 計画（する） which will send a shockwave through the 商業の 所有物／資産／財産 産業.

One 競争相手 (n)役員／(a)執行力のある source said the 条件 大（公）使館員d to the 会社／堅い's second CVA in just over two years are going to be 'pretty blunt and pretty 残虐な'. But he 追加するd: 'This is a 重要な moment ? it's never been tried before. Landlords will read the 令状ing on the 塀で囲む or bury their 長，率いるs in the sand. But 小売's troubles aren't going away.'

産業 sources said the 提案 would put the chain on a more stable 地盤 as it 直面するs a 高度に 予測できない period.

The 計画（する） is understood to have the 是認 of the retailer's bondholders ? who only last year agreed to 削減（する） the chain's 負債 by £1billion ? but will 要求する 相当な support from landlords to be successful.

One source said: 'If they can get the structure of the company 権利, there is a good 商売／仕事 in here and 管理／経営 have got the proposition in the 権利 place. But the rent 法案 isn't.

'New Look became successful as a retailer in smaller towns and high streets and that is where shoppers in this 地位，任命する-Covid world are 長，率いるing.'

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