New Look

New Look is a British global fashion retailer with a chain of high street shops. It was founded in 1969. The chain sells womenswear, menswear, and clothing for teens. New Look was owned by private equity groups Apax Partners and Permira, and founder Tom Singh, until May 2015 when it was acquired by Brait SE (SA) for £780 million. History New Look was founded by Tom Singh in Taunton, Somerset, in 1969. Since then the company has expanded and previously operated across a chain of over 900 stores internationally, including Belgium (they opened their first Belgium store in 2006), France, the Netherlands, the Republic of Ireland, Romania, Malta, Malaysia, South Korea, Singapore, Thailand, Indonesia, United Arab Emirates, China, Germany, Russia, Bahrain, Saudi Arabia, Azerbaijan and Poland, and a staff of over 18,000. The group had a turnover of £1,147 million in 2008 with profits of £180 million.In 2004, the company withdrew from the stock market and was taken back to being a privately owned business by founder Tom Singh and chief executive Phil Wrigley, and private equity investors Permira, Apax Partners and Quillian Investments. On 26 April 2007, a fire occurred at a New Look branch in Oxford Street, London. The subsequent investigation revealed an extensive catalogue of failings relating to fire safety precautions and measures. The company subsequently pleaded guilty to criminal charges and on 25 November 2009, was fined a total of £400,000 with £136,052 costs. In 2010, the fines were upheld by the Court of Appeal.In 2008, New Look continued their expansion in the UK and opened their largest store at the time in Liverpool One Shopping Centre. In February 2009, the company's fortieth anniversary year, New Look opened their first store in Russia. In July 2010, New Look opened their three-hundredth store in Glasgow Fort Shopping Park. The store is . It was built on the site of a former Borders store.