British retailer New Look has been taken off the block after its owners, private equity groups Apax Partners and Permira, failed to achieve the 1.8 billion pound, or $3.7 billion at current exchange, price tag they had put on the fast-fashion chain.
LONDON — British retailer New Look has been taken off the block after its owners, private equity groups Apax Partners and Permira, failed to achieve the 1.8 billion pound, or $3.7 billion at current exchange, price tag they had put on the fast-fashion chain.
"The shareholders and management had a view of what they thought was a fair price, and they were not desperate to sell for bids below that value," said a spokesman for New Look.
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