New Look announces store closures - is St Albans affected?

PUBLISHED: 14:26 07 March 2018

New Look, St Albans. Picture: Google.

New Look, St Albans. Picture: Google.


New Look, which operates a store in The Maltings in St Albans, has announced 60 stores will be closed to avoid going into administration.

The clothing company is the latest high-profile business to announce it is cutting costs, after Jamie’s Italian announced it was closing its restaurant in the city.

However, New Look in St Albans is not on the proposed list of closures.

The company is today instigating a Company Voluntary Arrangement (CVA) where it tries to negotiate a deal to pay creditors over a fixed period while it continues trading.

Executive chairman of New Look Alistair McGeorge said: “Given our challenged trading performance and over-rented UK store estate, we are having to take tough but necessary actions to reduce our fixed cost base and restore long-term profitability.

“We have held constructive discussions with our key landlords and strategic partners and will now seek creditor approval on our CVA proposal. A priority for us is to keep all potentially affected colleagues informed during this difficult time.”

More news stories


Festival go-ers enjoyed a summer night of live music, friends, and food at a start-up St Albans event.

A motorcyclist who was hospitalised in a crash between Wheathampstead and Welwyn Garden City is still in a critical condition.

Mutiple vehicles have been involved in a crash on the A414 North Orbital Road.


A few years back I was fixing a shed in our garden and had enlisted the help of my young son. We were busy moving rotten pieces of wood from the side of the shed when suddenly I felt sharp stabbing pains in my lower legs. Before I had a chance to investigate my son started screaming in pain and it took a few more seconds to realize that we were trampling on a wasps’ nest!

Digital Edition

Read the The Herts Advertiser e-edition E-edition
Zoo Watch CountryPhile

Newsletter Sign Up

Herts Advertiser weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Most read stories

Show Job Lists

Herts Most Wanted Herts Business Awards