Fashion retailer to exit Republic of Ireland market

Fashion retailer New Look is set to exit the Republic of Ireland market, putting about 347 workers at risk of redundancy.

The retailer’s Irish arm, New Look Retailers (Ireland) Ltd, entered into liquidation on Thursday.

The winding down of operations in the country follows several years of sustained losses and challenging market conditions.

New Look staff were notified immediately following the appointment of provisional liquidators at the High Court, and further staff engagement is planned over the coming days.

In a statement the company said it has had to “navigate a tough external environment which has only become more unpredictable”.

“We have adapted to…