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Founded in 1969 New Look is a prominent player on the high street with more than 610 stores in Britain and Ireland, 325 stores in France and Belgium (mainly owned by its Mim subsidiary) and 25 franchises in the Middle East and Russia. New Look's majority owners are the private-equity investors Permira and Apax Partners. During FY08/09 sales rose 16% to £1,325m under the leadership of Carl McPhail, Chief Executive Officer.