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New Look 'could be relisted on stock market'

New Look 'could be relisted on stock market'
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New Look may be floated on the stock market in the near future, it has been suggested.

Owners of the fashion retailer Permira and Apax are said to be planning on relisting it after strong financial performances in recent months.

The recession has helped New Look take market share away from its more expensive rivals such as Marks & Spencer and it could be listed on the stock market as soon as January next year.

New Look was purchased by the two private equity firms for £699 million in 2004, but founder tom Sign retained a 22 per cent state in the business.

They attempted to relist the company three years later but failed as the price was not met by investors.

Merrill Lynch and Goldman Sachs are said to be two of the investment banks that may be involved in the flotation of the company.

This year marks the 40th anniversary of the company, which recently opened its first branch in Russia.ADNFCR-1681-ID-19380961-ADNFCR