New Look examinership 'not about jobs', landlords tell court

A lawyer for some of the landlords told the court the firm was in “more robust health than most,” despite the Covid-19 pandemic

New Look told the court it expects to be insolvent by March. File photo of a New Look store in Opera Lane, Cork city. Picture: Andy Gibson

Fashion retailer New Look’s application for examinership in Ireland is “not about saving jobs” but an attempt to rewrite its contracts with landlords, it has been claimed.

A lawyer for some of the landlords told the High Court the company was in “more robust health than most,” despite the Covid-19 pandemic and was seeking to make changes that could save it around €5m per year in rent reductions.