New Look enters liquidation, risking 350 jobs in Ireland

In Ireland, the High Court approved the liquidation of the fashion retailer New Look, a significant development that has ramifications for its operations and employees. New Look, which had been part of the Irish market since 2003, is expected to impact approximately 350 jobs due to the closure of its 26 stores following an extensive review of its Irish operations. This review was prompted by several years of unsustainable losses and challenging market conditions that have emerged in the retail sector. The company's struggle can be attributed to multiple factors, including rising supply chain and in-market costs, along with a general decline in consumer spending. To adapt to these difficulties, New Look had implemented various strategies, such as marketing initiatives and adjusting its store formats and price ranges. Nonetheless, despite these efforts, the management concluded that continuing operations in Ireland was no longer a viable option. In light of this decision, New Look's remaining employees were informed of their jobs being at risk. The retail company plans to initiate a 30-day consultation period aimed at providing clarity surrounding redundancy terms and any possible redeployment options for the affected staff. During this process, the company committed to communicating regularly with its employees, emphasizing the human impact of the decision. The Irish Labour Party has called for urgent actions to protect the workers who face job losses due to the company's withdrawal from the market. They urge New Look to engage with its staff meaningfully during this transitional period, providing adequate support and information as necessary. As part of the liquidation process, stores will temporarily close and then reopen for clearance sales, while online offerings will remain available through other retailers.