The Irish branch of fashion retailer New Look is going into liquidation, with an expected loss of around 350 jobs across 26 store closures.
The High Court in Ireland approved the appointment of provisional liquidators on Thursday as New Look seeks to wind down its Irish operations following several years of “sustained losses and challenging market conditions”.
Staff at the stores were notified following the High Court decision and New Look said further engagement is planned over the coming days.
New Look employs a total of 347 people across its network in the Republic of Ireland.
The company, which entered the Irish market in 2003, said a 30-day staff consultation process will commence over the coming days.
However, a collective…
