Brait SE rose as the investment company controlled by South African billionaire Christo Wiese said net asset value more than tripled after it bought majority stakes in health-club provider Virgin Active and UK clothing retailer New Look for a combined 1.5 billion pounds . Net asset value climbed to R123.50 a share in the six months ended September 30, from R34.75 a year … [Read more...] about Brait climbs as purchases boost value
Brait
Brait bets $1.2bn on UK’s New Look
A New Look fashion store on Oxford Street in London. The budget clothes retailer has been acquired by Brait. Read the full article by here: Johannesburg, South Africa News Submit and get free press releases here: MyPR Free Press Release. Click HERE to submit your Johannesburg news. MyJHB Read more on MyJHB. Join the fun: Add Your event | Submit a Press Release | Add … [Read more...] about Brait bets $1.2bn on UK’s New Look
South Africa’s Brait buys Britain’s New Look for $1.2 billion
The deal puts Brait, whose top shareholder is South African retail mogul Christo Wiese, in the middle of the crowded British high street, where New Look [NEWOON.UL] vies with Primark, part of AB Foods , giving the retailer an enterprise value of 1.9 billion pounds, which includes 1 billion pounds in debt. New Look had been eyeing a stock market listing when Brait swooped, with … [Read more...] about South Africa’s Brait buys Britain’s New Look for $1.2 billion
Virgin Active sold off to Brait
Brait says it has been tracking Virgin Active since 2011 and moved in quickly on the opportunity to acquire it. Photo: Leon Lestrade Virgin Active agreed to be bought by the investment company owned by South African billionaire Christo Wiese for 682 million , prompting the British health club chain to cancel plans for a share sale. Read the full article by here: Johannesburg, … [Read more...] about Virgin Active sold off to Brait
