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New Look CVA approval green lights 980 job cuts & 60 store closures

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New Look has confirmed that creditors overwhelmingly voted in favour of its company voluntary arrangement (CVA) proposal today, which means up to 980 staff are set to be made redundant and 60 stores will shut down within 12 months time. The CVA – which was first launched as a proposal on March 7 – was approved by 98 per cent of the fashion retailer’s creditors and landlords in a vote today. It will have a duration of three years

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New Look CVA approval green lights 980 job cuts & 60 store closures

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