298
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
Published
Aug 11, 2020
Download
Download the article
Print
Text size

New Look, Jigsaw, River Island all mull CVAs

Published
Aug 11, 2020

New Look is believed to be planning a second CVA with Deloitte expected to come on board as adviser this week. According to a story in the Mail, as part of the CVA, the company will be seeking new lease contracts for 450+ stores with the new deals to be based on turnover at the individual stores.


New Look - Photo: Sandra Halliday



More and more retailers have been seeking rent deals linked to turnover in recent periods but this would be the first time that it will have been applied across an entire estate in the UK.

New Look’s bondholders are believed to be supporting the plan but it will need landlord agreement to get through and failure to achieve that agreement could see more store closures than planned.

The New Look news comes as fashion retail peers Jigsaw and River island are also said to be mulling CVAs.

Meanwhile Jigsaw could launch its restructuring as early as this week and again, store closures are expected. The company employs around 900 people and has been negotiating rents with its landlords, although it's unclear how many of its shops might shut.

The company has also reportedly drafted in advisors to help it find new investment or possibly sell itself. 

River Island is also looking at a restructuring that could include a CVA with the same target as New Look and Jigsaw — rent reductions and closures of those among its 300 stores that are no longer viable.

Copyright © 2024 FashionNetwork.com All rights reserved.