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New Look hails 'terrific' sales boost

NEW Look has hailed a "terrific" set of results as it made the most of summer fashion choices such as kimono-style tops and printed trousers.

The chain, owned by private equity groups Apax and Permira as well as founder Tom Singh, reported a jump in quarterly like-for-like sales of 11.6 per cent in the UK, where it has 576 stores, and a rise of 8.9 per cent across the group.

It said it was particularly pleased with the way it ­capitalised on key trends, having sold 40,000 kimonos a week across its 1,100 stores during the 13-week period to June 28. Operating profits for the quarter were 18.8 per cent higher at £59.4 million, while revenues rose 8.1 per cent to £392.5m.

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