The turnaround strategy is taking effect at apparel retailer
New Look, which announced EBITDA of £189.2 million in the year to 30th March, a
29 percent jump on last year. Pretax losses narrowed from £54.5 million to £3.1
million, while sales were up by 50 percent during the period. Chief executive
Anders Kristiansen said the business was now “well positioned” to expand its
business overseas-specifically Russia and China.
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