Overview

• The retailer has shuttered 38 locations in 2025, including 12 in the UK and 26 in the Republic of Ireland.
• Rising National Insurance rates and higher rent costs have put about a quarter of New Look’s 364 UK stores at risk when their leases expire.
• Private equity owners Alcentra and Brait have appointed investment bankers to conduct a strategic review that could result in an auction of the business.
• A New Look spokesperson says the company is trading well and has the support of its shareholders despite ongoing store closures.
• The April equity injection is intended to fund digital expansion as the company shifts away from underperforming high-street sites.