×
189
Fashion Jobs
NEEJ
Business Development Manager
Permanent · MUMBAI
LIFESTYLE BRANDS
Regional Sales Manager, Peter England - Bangalore
Permanent · BENGALURU
KITEX GARMENTS LIMITED
General Manager - Merchandiser
Permanent · ALUVA
ZODIAC CLOTHING CO LTD
Sourcing Officer (Fabric & Garment)
Permanent · MUMBAI
LIFESTYLE BRANDS
Head of Marketing, Louis Philippe - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Online Sales &Amp; Merchandising Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
HIGH FASHION GARMENT COMPANY
Manager Humanr Resource (Male) From Mumbai Only
Permanent · MUMBAI
RAJ KHATRI FILMS PVT LTD
Digital Marketing Executive
Permanent · MUMBAI
ANANDGUPTA COUTURE
Social Media Marketing & Fashion Design Assistant
Permanent · MUMBAI
DESIGNR
Sales Officer
Permanent · NEW DELHI
NETE.IN
CRM & Logistics Executive
Permanent · MUMBAI
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · MIRYALAGUDA

Vulture fund targets struggling New Look

Published
today Feb 20, 2018
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

A ‘vulture’ fund called Alchemy Partners is reportedly going after New Look, following months of distressing news at the British fast fashion retailer.


New Look


Alchemy Partners, which specialises in investing in distressed businesses, is considering buying into New Look’s bonds, which have weakened in recent periods with some trading at less than 20p in the pound last week, reported The Sunday Times.

The company has invested over £3bn in over 140 transactions since its creation, including retirement homes builder McCarthy & Stone. It is familiar with New Look, and traded in and out of its bonds in 2013, and it knows New Look’s new chief executive Alistair McGeorge, who returned to the chain in November in a bid to rescue the brand.

New Look was hit by a new decline in sales in the third quarter, with group revenue dropping by more than 6% and UK like-for-like sales falling by 10.7% in the important Christmas trading period.

McGeorge said the brand’s clothes had become “too young and edgy” under former CEO Anders Kristiansen and vowed to make the necessary changes to get the company back on track. These might include the closure of about 60 of New Look’s 600 UK stores, according to reports.

The company is also likely to undergo cash flow problems in the next months after credit insurers including Euler Hermes stopped offering insolvency cover to a number of suppliers citing concerns over the chain’s financial health.

McGeorge has insisted the business has enough liquid cash to continue operating, but a group of bondholders hired investment bank Rothschild earlier this month to advise them ahead of a potential financial overhaul.

Copyright © 2019 FashionNetwork.com All rights reserved.