New Look avoids collapse as creditors green light CVA

// New Look creditors approve CVA proposal
// New Look will now switch 400+ UK stores to a turnover-based rent model & a 3-year rent holiday on 68 remaining stores
// The CVA also means New Look can complete its financial restructuringNew Look’s CVA has been given the official go-ahead after creditors met to today and approved the proposals with a majority vote in favour.
The fashion retailer’s CVA entails switching more than 400 of its UK stores to a turnover-based rent model, a