New Look France buyer deadline extended to June 7

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New Look France
// Paris commercial court extends date to June 7 for New Look France to find buyer
// The court showed only two written propositions for a single store – the Saint-Antoine New Look in Paris
// 30 New Look employees turned up outside the commercial court to express concerns

New Look’s deadline to find a buyer for its French division has been extended to June 7.

The British fashion retailer is currently in search of a buyer to take over its French operations after the Paris commercial court extended the deadline.

Yesterday, the court showed only two written propositions for a single store, the Saint-Antoine New Look in Paris, from a pharmacy manager and a textile maker.

The two propositions offered to take over three and five out of the 10 employees from the shop, which is “almost nothing, on the group scale,” according to staff representative Sud Moussa.

New Look France currently has around 400 people, 350 of whom on a permanent contract, according to the subsidiary’s HR director Patrick Birault.

A total of 30 New Look employees turned up outside the commercial court in Paris to express their concerns on the situation.

Last year, New Look launched a restructuring plan that included exits from international markets, of which France is one.

New Look put its French business up for sale in February.

The company was put into receivership on March 25 by Paris’ commercial court.

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