New Look secures £40m lifeline with creditors and plans CVA

// New Look secures agreement with creditors to invest in strategic business plan
// The transaction will deliver a new money investment of £40 millionNew Look has launched a major restructuring of its finances to reduce its costs after sales were hit by the coronavirus pandemic.
The fashion retailer said it was asking landlords to accept new lease contracts on its stores which are based on turnover as it battles the “challenging retail market environment”.
It also said it