New Look ’s owners have take a step forward in their plan to sell the fashion retail business with investment firms Alcentra and Brait having chosen Rothschild to run a strategic review.

They’ve controlled the chain since 2020 and Sky News reported that the review “is expected to see the company change hands next year”. It also said that the owners have received a number of “unsolicited approaches for the business from unidentified suitors”.

The loss-making company remains the second-largest womenswear retailer in the UK for the key 18-to-44 age group, with close to 340 stores and around 10,000 employees.

Its losses have been shrinking (a statutory pre-tax loss of £21.7 million last year, narrower than the prior year’s £88 million). But times remain tough on the high street as the prob

See Full Page