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French division of New Look pushes it into a loss



New Look, the fashion retailer, has seen increased sales both at home and abroad, but the loss made by its French business has pushed the business into the red.
The company is owned by Permira and Apax, the private equity groups, and it has reported a loss of £55m as it has had to written down assets on its Mim chain in France.  The group said Mim had seen an improvement during the last two months, but it was still giving thought to selling the chain.
The retailer reported an increase in sales of 2.2% to the year ending March.  Its online sales are continuing to increase, and is up by 64% for the past year compared to 46% during the previous year, The Guardian says.

The group has refitted its UK stores, revamped its website and developed apps for tablets and mobile phones.  Its efforts to generate a buzz in social media circles has seen 2.9m Facebook likes, with 2.7m visitors to its website weekly.

The retailer is looking to open more UK stores and plans to open an additional 10 stores in China which will see a doubling of the current number of stores.

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May 19, 2022, South Korea:
Hyundai Seoul got a central atrium with a 12-meter waterfall and natural lighting.
May 12, 2022, Malaysia:
The complex is home to more than 200 tenants selling authentic local goods.
Apr 29, 2022, Europe, Europe:
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Meta Store has the intention of demonstrating the possibilities of virtual reality devices, as well as dispelling the mystery around the concept of the math universe.
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I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark


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