The Weymouth-based fashion retailer New Look says it defied difficult trading conditions last Christmas by keeping stocks tight and avoiding high levels of discounting. The company claims it is Britain’s third-biggest retailer of womenswear and No 1 in women’s shoes. It is also expanding outside Britain, with strong growth from its Mim subsidiary in continental Europe. Private-equity investors Permira and Apax Partners backed founder Tom Singh’s bid to delist the company in 2004, and remain majority owners. The company is led by chief executive Carl McPhail. Sales reached an annualised £1,147m in 2008.
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