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On Thursday New Look will open a brand new flagship store at the eastern end of London's Oxford Street.

The irony will not be lost on staff of 60 other New Look stores, including two existing Oxford Street outlets, that are facing imminent closure.

New Look, in a bid to salvage its finances, is planning to shut 10% of its shops and is asking landlords to reduce rents on nearly 400 others.

Landlords will vote on whether to accept the rescue plan later today.


BBC News

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