New Look Retail Group appoints Paula Dumont López as Chief Creative Officer

London, 2017-Jun-28 — /EPR Retail News/ — The Board of New Look Retail Group Ltd (the “Company” or “New Look”) today (27 Jun 2017) announces the appointment of Paula Dumont López as Chief Creative Officer.

She will join the Board in September 2017 and replace current CCO Roger Wightman. Following a successful transition Roger will assume a part-time consultative role while remaining on the Board.

Paula brings a wealth of experience in the fashion industry, and a proven track record in buying, merchandise and design. She joins from Esprit where she has been Senior Vice President Head of Esprit Women since 2013. Before this, Paula spent 10 years at Inditex in several roles, including Head of Product at Zara Basic.

Anders Kristiansen, CEO of New Look, commented:

“Paula is an amazing addition to our team. Her expertise in identifying trends and leadership experience in product, buying and design will be a great asset to us. We are delighted to welcome Paula to the Board and look forward to what we know will be her significant contribution to New Look and the execution of our strategy.

“I would also like to take this opportunity to thank Roger for the invaluable contribution he has made to New Look over the past 27 years. He has been hugely influential in turning New Look into the global fast-fashion brand that it is today and I am particularly pleased that we will continue to benefit from his experience on the Board as he steps into a consultative role.”

About Paula Dumont López

Paula started her career at Zara as a fabrics buyer, before graduating to a number of senior buying roles. In 2009 she became Head of Product for Zara Basic. Paula joined Esprit as Senior Vice President, Head of Esprit Women in 2013 assuming responsibility across all aspects of buying, merchandise and design. She has also been head of the lifestyle division (comprising Bodywear, Sports, Accessories and Shoes) since 2016.

About Roger Wightman

Roger joined New Look in February 1990 as a Buyer and was promoted through the business to become Group Buying Director for Womenswear and Brands, before being appointed to Managing Director in 2013 and Chief Creative Officer in 2015.

About New Look

New Look is an international multichannel retail brand, offering exciting, on-trend, value-fashion for women, men and teenage girls, and is the UK’s No. 1 retailer for women under 35*.

Our long term business strategy comprises of initiatives spanning Brand, Multichannel, International Expansion, Product Development and Menswear.

We have 872 stores, comprising 592 in the UK and a further 280 globally. We also have a fastgrowing e-commerce offering, serving over 120 countries worldwide, supported by convenient
delivery options.

Our flexible fast-fashion business is built on an agile global supply chain with the ability to respond quickly to trends. We focus on delivering value for money and ‘newness’, with hundreds of new lines landing every week. Our ranges of apparel, footwear and accessories are designed with broad age appeal and global relevance. They are delivered by our great people in stores and support centres, who ensure we deliver great service – wherever, whenever and however customers choose to engage with us.

* Based on Kantar Worldpanel Total Womenswear U35 published data 52 weeks to 12 March 2017 (by value)

Media enquiries:
Headland
Lucy Legh
Rob Walker
+44 (0)20 3805 4822
newlook@headlandconsultancy.com

Source: New Look

New Look Retail Group H1 FY16: Revenue up 5.9% to £756.0m

NEW LOOK RETAIL GROUP LIMITED (“New Look”) First Half Results for the 26 weeks ended 26 September 2015

LONDON, 2015-11-13 — /EPR Retail News/ — Strong First Half performance with significant progress made against strategic initiatives

Financial Highlights*

  • Revenue +5.9% to £756.0m (H1 FY15: £713.6m)
    • New Look Brand like-for-like sales +4.9%
    • UK like-for-like sales +4.7%
    • Own website sales +37.9%
    • Third Party E-commerce sales +47.2%
  • Adjusted EBITDA +5.1% to £121.7m (H1 FY15: £115.8m)
  • Underlying operating profit +10.9% to £94.8m (H1 FY15: £85.5m)
  • Profit before tax (adjusted for the non-recurring exceptional transaction and refinancing costs in Q1 FY16) +40.6% to £39.5m (H1 FY15: £28.1m)
  • Non-recurring exceptional transaction costs of £93.2m** relating to the Brait acquisition and refinancing, resulting in a statutory loss before tax of £53.7m

* from continuing operations
** consisting primarily of debt premium repayments due to the refinancing. New debt structure has resulted in annualised interest savings of over £30m

Operational Highlights

Following a strong Q1, we have delivered further growth in Q2 due to the continued successful execution of strategy:

  • Our Menswear offer is performing well, with further improvements in our product and the successful launch of our first standalone menswear stores.
  • Successful progress in China, with 52 stores open by the end of H1 FY16, and leases signed to take us to 85 stores by March 2016.
  • A further 34 stores now trading in the Concept format, taking us to a total of 385 stores. We continue to roll this format out across the remainder of the estate.
  • Convenience across all channels remains key to our customer proposition. Additional delivery options have driven own website sales and footfall into stores; 31% of our e-commerce customers use Click & Collect.

Anders Kristiansen, Chief Executive Officer, said:

“These excellent results show the strength of the New Look offer and the strategic progress we have made in our product, stores and website. Against an unpredictable consumer backdrop we are especially pleased to have seen further Q2 sales improvement and market share growth, on what were already strong Q1 figures.

“We have also seen a positive reaction to our Autumn/Winter collection and we have been delighted with the initial performance of our men’s standalone stores.

“Our Chinese stores continue to perform well as customers continue to react favourably to our fashion-forward offer. We remain on target to have 85 stores open in the country by year end.

“With the support of our new owners, Brait, we are planning to increase investment in our strategic initiatives to accelerate our growth.

“As for current trading, the sector has benefitted from the return to more normalised weather conditions compared to last year. We continue to manage the business prudently but the positive reaction to our current product offer gives us confidence as we head into Christmas.”

Tulchan Communications LLP
Lucy Legh
Will Smith
020 7353 4200

About New Look
Founded in 1969, New Look has grown from a single store to become a dynamic, international, multichannel retail brand with a unique value-fashion offer in apparel, footwear and accessories for women, men and teenage girls. New Look is the No. 2 value retailer for women’s clothing and accessories market in the UK (source: Kantar Worldpanel for year to September 2015). The New Look Group has over 800 stores across the globe in 21 countries, and our estate of 571 UK stores places New Look in immediate reach of the majority of the British population.

H1 FY16 Results

SOURCE: New Look Group Limited