New Look owners inject £30m to accelerate digital transformation

New Look owners are injecting £30m of fresh equity into the fashion chain in a bid to bolster its digital transformation.
The retailer is to confirm this week that its shareholders Alcentra and Brait has provided the investment, Sky News reported.
New Look employs about 10,000 people across its 340 UK stores. The retailer pulled the plug on its Irish operations earlier this year following “several years of sustained losses and challenging market conditions”.
The new capital wil