Clothing retailer New Look has appointed the former boss of House of Fraser as its new chief executive, after the role remained open for two years.

Embattled retailer New Look has agreed a restructuring plan with creditors that will see it shut 60 British stores, resulting in the loss of up to 980 jobs.

UK fashion and homewares retailer Matalan sweetened its £1.5bn (€1.7bn) auction today by revealing further strong growth over the Christmas period.

Littlewoods chief executive Barry Gibson has left the retailer after losing the backing of his board, it emerged today.