New Look founder Tom Singh said this week that he was to retire, following the completion of the company’s latest financial restructuring... Tom Singh said: “I’m incredibly proud of all that we have achieved at New Look over the past 50 years. There have been many challenges, but I have been fortunate to work with inspiring and dedicated teams..."
The £2m investment comes from a venture capital-led funding round by firstminute capital with Henry Lane-Fox as the lead. Firstminute capital’s $100m seed fund is backed by 30 unicorn founders and global strategics. Additional investors include Tom Singh, the founder of New Look, Pembroke VCT, Wing Chan, CTO digital experiences of The Hut Group, and Carlos Morgado, former CTO of Just Eat, who also joins Floom’s board.