×
592
Fashion Jobs
GENESTORE INDIA PRIVATE LIMITED
Area Sales Manager/ Business Development Executive-Mumbai
Permanent · Mumbai
ANAND RATHI
Cluster Head/ Area Sales Manager
Permanent · Chennai
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
MAHALAKSHMI PROFILES PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
ARCHANGEL HR SOLUTIONS
Consultant Planning, Merchandising, Sourcing
Permanent · Chennai
KARADI PATH EDUCATION COMPANY PRIVATE LIMITED
Senior Area Sales Manager - Karadi Path Education Company
Permanent · Chennai
SENSO FOODS PRIVATE LIMITED
Area Sales Manager/sr. Sales Executive For "Corporate Sales"
Permanent · Ahmedabad
ALGOR SUPPLYCHAIN SOLUTIONS PRIVATE LIMITED
Hiring For Sales Manager in Logistic co| Hyderabad | Goa
Permanent · Bengaluru
A2V INSURANCE BROKERS PRIVATE LIMITED
Area Sales Manager
Permanent · Ludhiana
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Mumbai
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Namakkal
Permanent · Namakkal
ARKRAY HEALTHCARE PVT. LTD
Opening For Medical Business Manager(mr)- Delhi Chennai & Bangalore
Permanent · Chennai
PUMA
Studio Operations Manager
Permanent · Bengaluru
ELICO LIMITED
Requirement For Production Manager
Permanent · Hyderabad
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - up
Permanent · Faizabad
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - up
Permanent · Mahoba
ELECTRONICA FINANCE LTD
Area Sales Manager - Machinery Loan(Delhi ,Faridabad & Ghaziabad)
Permanent · Faridabad
IOTECHWORLD AVIGATION PVT LTD
Production Manager Engineer (Design & Development)
Permanent · Gurugram
CLASSIC SEARCH PVT LTD
Manager Production
Permanent · Bengaluru
CLASSIC SEARCH PVT LTD
Manager Production
Permanent · Bengaluru
SWASTIKA INVESTMART LTD
Opening For Branch Manager/Area Sales Manager
Permanent · Raipur
PARAISO REALTY PVT LTD
Sales Manager /Associate / Senior Associate - Real Estate Sales
Permanent · Lucknow
By
Reuters
Published
Jun 3, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

New Look may sell French business as rules out share sale

By
Reuters
Published
Jun 3, 2014

LONDON, United Kingdom - British fashion retailer New Look ruled out having another attempt at a stock market listing for at least another year, though it said it may sell its loss-making French unit Mim.

Source: NewLook.com


The firm, owned by private equity groups Apax and Permira as well as founder Tom Singh, pulled a planned initial public offering (IPO) in 2010 amid turbulent financial markets.

"I think once we have implemented all of the things that generate value, then an IPO could be a viable option but I don't see that happening in the foreseeable future," Chief Executive Anders Kristiansen told reporters on Tuesday.

He said that meant at least 12 months.

The group's strategy is to focus on building and developing the New Look brand in the UK, online and internationally in four countries - China, Poland, Russia and Germany.

On that basis it is looking at a possible sale of the 356-store Mim business it bought in 2000.

Kristiansen said New Look had already received interest from potential suitors.

He was speaking after the company reported a 5.8 percent rise in underlying earnings to 200.2 million pounds ($335.5 million) in the year to March 29.

However, New Look made a pretax loss of 55 million pounds after booking an impairment charge of 64.2 million pounds to write down the value of Mim's net assets. In 2012-13 the group made a pretax profit of 3.1 million pounds.

New Look, trading from over 1,100 stores in 24 countries, grew annual sales 3 percent to 1.53 billion pounds, with sales at stores open over a year up 2.2 percent and e-commerce sales jumping 63.9 percent. Gross margin was broadly flat at 52.7 percent.

$1 = 0.5968 British Pounds

© Thomson Reuters 2021 All rights reserved.