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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.


More about shopping malls in France



YESTERDAY, Finland:
Mall of Tripla introduces fashion enthusiasts to five shops making their first move into the Nordic region.
Aug 9, 2018, United Arab Emirates:
Dubai Holding, Emaar launch new ‘tech-driven’ mall, nearly double the size of Dubai Mall.
Aug 8, 2018, USA:
Scottsdale Fashion Square to be the first property to open Industrious coworking location.
Aug 7, 2018, Italy:
Apple Piazza Liberty opened in Milan to thousands of customers with new retail store design.
Aug 1, 2018, USA:
The first Microsoft mirror appeared in the flagship store H&M on Times Square in New York.
Jul 27, 2018, United Arab Emirates:
The theme park is the part of the large-scale development of Yas Island in Abu Dhabi.
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Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
K in Lautern GLA:224 966 SF
ADDRESS: 67655 Kaiserslautern
Germany . Kaiserslautern
K in Lautern
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla


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