THE owners of New Look are reportedly in calls with advisers to carry out a strategic review of the fashion chain which could result in a sale.
Alcentra and Brait, which has owned the high street chain since 2020, has called in Rothschild to oversee the process, according to Sky News.
It comes after the fashion chain, which has over 300 stores across the UK, reportedly received a cash injection of over £30million to help grow its online arm.
Elsewhere, the firm previously warned it would close nearly 100 stores following National Insurance hikes which came into place in April.
Approximately a quarter of the retailer’s 364 stores are at risk when their leases expire.