New Look plans second rescue restructure in 18 months

Retailer at risk of collapse with loss of 12,000 jobs if landlords do not agree to deal on rentNew Look has put itself up for sale and is planning its second rescue restructure in less than 18 months as it tries to trim rents and cut debt after a slump in sales.Meanwhile its rival River Island is preparing to cut 350 store jobs including shop managers and senior sales assistants. In an email to staff seen by the Guardian, Will Kernan, River Island’s chief executive, said the cuts were &ldq