UK Fashion Retailer New Look To Exit China, Close 120 Stores
10/18/2018 4:50 AM EST
LONDON (Reuters) – British fashion group New Look is to exit China and will close its remaining 120 stores there by the end of the year, it said on Thursday.
New Look, which is owned by South African investment firm Brait , trades as New Look Commerce (Shanghai) Co. Limited in China. It said the company’s Shanghai head office will close in the new year.
Decision - China - Part - Review - New
The decision to exit China is part of a review of New Look’s international strategy, which is continuing.
In March New Look...
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