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Hundreds of New Look workers facing redundancy as provisional liquidators appointed

Summary

The High Court on 20 February 2025 appointed provisional liquidators to New Look Retailers (Ireland) Limited, the Irish arm of the clothing retailer New Look, after the company was found to be heavily insolvent with debts of €17.7 million. The court heard that the Irish branch, which opened in 2003, employs 347 people across 26 stores, 32 of whom are full‑time, and that it had been losing money for the last four years. Mr Justice Brian Cregan was told that the UK parent company had withdrawn financial support and that the Irish branch had a liability of €15.6 million to New Look (UK) Ltd. Barrister John Lavelle explained that the company had sought an examiner in 2020, faced resistance from landlords, and eventually agreed to rent reductions for most stores. The court approved the appointment of Shane McCarthy and Cormac O'Connor of KPMG Ireland as provisional liquidators and adjourned the matter to the next month.

Who, what, where, when and why

What: Report matter: Hundreds of New Look workers facing redundancy as provisional liquidators appointed. Procedural stage: hearing_or_decision

When:

• 2025-02-20 Publication

Places mentioned

Topics

Stage Hearing Or Decision

Read the original CNI report