New Look sale in doubt

The sale of New Look looked to have collapsed today after reports that the last remaining bidders had refused to meet the £1.8bn (€2.7bn) price-tag for the high street retailer.

New Look sale in doubt

The sale of New Look looked to have collapsed today after reports that the last remaining bidders had refused to meet the £1.8bn (€2.7bn) price-tag for the high street retailer.

It is understood that Nectar card owner Warburg Pincus, which had teamed up with US buyout group TPG Capital, and rival BC Partners withdrew their interest after failing to meet the reserve price for the business.

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