Fashion retailer closing Mullingar store

The New Look clothing store in the Fairgreen Shopping Centre is set to close.

New Look Retailers Ireland Ltd announced earlier today that it was seeking the appointment of provisional liquidators as it is winding down its Irish operations following several years of losses and difficult market conditions.

The High Court has approved the appointment of Shane McCarthy and Cormac O'Connor of KPMG Ireland as provisional liquidators.

New Look’s staff were notified immediately following the appointment.

The firm employs 347 staff across its 26 stores in the Republic of Ireland. The majority of the stores employ an average of 12-13 staff.

In a statement released earlier, New Look announced that a 30-day staff consultation process will commence over the coming days.

"Regrettably, a collective redundancy process, impacting all colleagues in the ROI is also envisaged," the company said in the statement.

"The decision to seek the appointment of liquidators was not taken lightly. New Look’s Irish operation has struggled for some years, impacted by a range of factors including supply-chain and in-market costs, and squeezed consumer spending," New Look said.