Tuesday, July 3, 2007


New Look sale on verge of collapse

The £1.8bn auction of New Look was last night on the brink of collapse amid claims that the sale of the fashion retailer has been scrapped.Apax and Permira had set a £1.8bn 'reserve' asking price for New LookApax and Permira, New Look's private equity owners, have decided against a sale of the business after bidders failed to meet the £1.8bn "reserve" asking price, people close to the situation said last night.

Posted by chris @ 07:36 AM (328 views)
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