New Look to boost presence in China

Budget UK fashion chain New Look outlined plans to ramp up its international presence under its new owners as the group reported a rise in annual profits after opening new stores and expanding into China.

The firm, which runs more than 800 stores in 21 countries, said underlying earnings lifted 4% to £212.4m in the year to March 28 after opening 37 new outlets, while pre-tax profit jumped to £50.6m from £20.7m.