New Look seeks three-year rent holiday in battle for survival

Fashion chain attempts to secure a second rescue deal in 18 months to save 11,200 jobsNew Look is seeking a three-year rent holiday on 68 of its stores and big rent reductions on hundreds of others as it battles to stay afloat and save the jobs of its 11,200 employees.The struggling fast-fashion chain is attempting to secure its second financial rescue deal in 18 months and, along with the payment holiday, is asking landlords to slash rents to 12% of current levels on a further 402 of its shops.