The Irish arm of fashion retailer New Look has sought the appointment of provisional liquidators as it seeks to wind down its operations.
The UK-owned retailer said the decision to wind down its Irish operations came after several years of sustained losses and challenging market conditions.
The High Court today approved the appointment of Shane McCarthy and Cormac O’Connor of KPMG Ireland as Provisional Liquidators over the business and its assets.
New Look said its Irish staff were notified immediately following this appointment and further staff engagement is planned over the coming days. The company employs a total of 347 staff across its 26-store network in the Republic of Ireland. A majority of its stores are of small to medium…
