New Look announces 60 closures

PUBLISHED: 15:13 07 March 2018 | UPDATED: 16:41 07 March 2018

New Look in Welwyn Garden City. Picture: Nina Morgan

New Look in Welwyn Garden City. Picture: Nina Morgan


The young fashion chain New Look, which has branches in Hatfield and Welwyn Garden City, is facing numerous closures nationwide.

60 branches of the New Look fashion chain have been earmarked for potential closure across the UK.

The company, which has branches in Hatfield and Welwyn Garden City, is looking to slash nearly 10 per cent of its shops in order to save on rental costs.

The company has entered into a Company Voluntary Arrangement (CVA), a form of agreement that allows companies with debt issues to agree a way to make repayments to its creditors.

Neither the New Look in Welwyn Garden City’s Howard Centre nor in Town Centre in Hatfield appear on the list of potential closures.

Landlords of 393 of the remaining branches may be approached for lower rents, however.

New Look executive chair Alistair McGeorge said: “Given our challenged trading performance and over-rented UK store estate, we are having to take tough but necessary actions to reduce our fixed cost base and restore long-term profitability.

“We have held constructive discussions with our key landlords and strategic partners and will now seek creditor approval on our CVA proposal. A priority for us is to keep all potentially affected colleagues informed during this difficult time.”

More news stories


Police are investigating after two laptops were stolen from a business complex in Welwyn Garden City.


The manager of a successful Potters Bar business has described his shock and disappointment after his High Street premises were burgled.

Labour’s new parliamentary candidate for Welwyn Hatfield has outlined her priorities and promised to “work tirelessly” in her bid to become the area’s MP.

The police and ambulance service closed a Hatfield road this morning after a car crashed into a hedge.

Digital Edition

Read the Welwyn Hatfield Times e-edition E-edition

Newsletter Sign Up

Welwyn Hatfield Times weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Most read stories

Show Job Lists

Herts Most Wanted Herts Business Awards