New Look relying on landlords to prevent it from going into administration

It does not bode well for New Look that online peer Boohoo is ready to pounce on the ailing retailer ahead of a crunch vote with landlords on Tuesday. The move itself is not surprising. Boohoo has been on an acquisition spree of distressed brands over the past year. But it implies that New Look will go bust. So far, Boohoo has only bought the name and websites of Karen Millen, Coast, Oasis and Warehouse after they collapsed, and not the stores. New Look has 496 branches and more than 11,000 staf