// New Look is currently in talks about refinancing £100m of debt
// The fashion retailer is working with Deloitte with an agreement expected in the coming months
New Look is in talks with its lenders about refinancing £100m of debt amid a major restructure for the fashion chain.
The retailer is working with advisors at Deloitte on its options for a term loan to mature in June 2024, Sky News reported.
Sources said an outcome on the refinancing talks is expected in the coming months.
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New Look’s lenders include Alteri, retail investor Davidson Kempner and an arm of Goldman Sachs.
The move comes as the retailer is shifting its focus to an omnichannel channel approach.
The shift has resulted in 70 redundancies at its head offices in London and Weymouth, which has seen several department exit the business.
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