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New Look to slash debt by GBP1bn as part of turnaround efforts

2019-01-14 12:14:00| Daily apparel & textile news and comment - from just-style.com

UK fashion retailer New Look has announced what executive chairman Alistair McGeorge calls a "critical step" in its turnaround plans, having reached an agreement 'in principle' with its key financial stakeholders to cut its debt by GBP1bn (U$1.3bn) and raise GBP150m in new money to turnaround the business.

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