New Look losses mount as Brexit, rains keep shoppers away
Share:
(Reuters) - British fashion chain New Look reported a bigger annual pretax loss, hurt by a large charge, while Brexit woes and rainy weather kept shoppers out of its stores.New Look, owned by South African investment firm Brait, reported statutory loss before tax of 522.2 million pounds for the year ended March, compared with a loss of 190.2 million pounds a year earlier.The loss was mainly driven by a 423.3 million pound non-cash goodwill and brand impairment charge after a restructuring, New..