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New Look cuts 1,000 jobs as 60 stores close

British fashion retailer New Look plans to close 60 stores as part of a rescue deal to help it avoid going into administration.

About 980 staff face redundancy - from a 15,300-strong UK workforce - and rents at about 400 stores will be slashed.

The rescue plan still needs approval from creditors. New Look said it faced "a difficult trading environment".

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BBC News

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