New Look bags Borders’ flagship and four other stores

Author: By James Thompson

The huge store will be New Look?s second on Oxford Street.

Yesterday, a Borders UK spokeswoman said: ?We have now agreed to sell the
leasehold interest on five of our stores to a major fashion retailer.?

The five stores are Borders’ flagship on Oxford Street, Llantrisant, London
Colney, Dublin and Swindon.

For the year to 28 March 2009, New Look delivered total sales up by 14.9 per
cent to £1.32bn to buck the downward trend in the sector. Its earnings
before interest, tax, depreciation and amortisation jumped by 10.2 per cent
to £217.6m.

Founded in 1969, New Look now has 612 stores in the UK and Ireland, in
addition to outlets in countries including France, Belgium, Russia and the
United Arab Emirates. New Look declined to comment.

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