© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - New Look acquired by Brait
Posted 2nd July 2015

New Look acquired by Brait

High Street fashion retailer New Look has announced that Brait, South African billionaire Christo Wiese's investment firm, has acquired a 90% stake in the business.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

New Look acquired by Brait
View Biography
Image

View Biography
Image

High Street fashion retailer New Look has announced that Brait, South African billionaire Christo Wiese’s investment firm, has acquired a 90% stake in the business.

Brait will buy the stake from private equity firms Permira Holdings and Apax Partners for £780 million. Founder Tom Singh’s family and New Look management will own the remaining 10%.

Following the acquisition, New Look chief executive Anders Kristiansen, chief financial officer Mike Iddon and chief commercial officer Roger Wightman will remain with the business. The acquisition gives the company an enterprise value of circa £1.9 billion.

Commenting on this transaction, Kristiansen said: “Brait have a track record of long-term and supportive investments – they give us the perfect platform to continue our strategy of growing the New Look brand in the UK, Europe and China. I’d like to take this opportunity to thank our existing shareholders for their support over the years, and I am looking forward to working with Brait in the future.”

New Look operates 800 stores wordwide. Brait said it had strong growth prospects in France, Germany, Poland and especially China which is a priority market.

John Gnodde, chief executive of Brait, said: “New Look is an attractive investment opportunity for Brait. It is a market leading brand, with a strong track record of double digit EBITDA growth, solid cash flow conversion, international reach, and the potential to grow rapidly in a number of geographic markets including China. We have been highly impressed with the management team and look forward to partnering with them.”

Categories: Finance, M&A


You Might Also Like
Read Full PostRead - Eye Icon
Datta Solutions Delivering Stability and Success
Leadership
29/01/2020Datta Solutions Delivering Stability and Success

For businesses operating within a competitive market, finding a way to stand out in that market can be difficult. A fresh perspective can go a long, especially one that is from a professional advisory firm offering fact-based advice. Datta Solutions Group (DSG

Read Full PostRead - Eye Icon
Makersite Masters
News
05/02/2020Makersite Masters

It’s a time of intensive change for companies with the complexity of product manufacturing and customer expectation are rising exponentially, and rapidly beyond the control of the businesses that are in charge of running them. Offering a solution to this see

Read Full PostRead - Eye Icon
Mastering API Automation Testing- Best Practices and Strategies
News
04/09/2023Mastering API Automation Testing- Best Practices and Strategies

The very value of API automation testing cannot be emphasized in the ever-changing environment of software development. It is obvious that APIs (Application Programming Interfaces) are the building elements that allow various elements of software to effortless

Read Full PostRead - Eye Icon
Digital Bootcamps: What Are They And How They Create A Future-Ready Workforce
News
27/07/2022Digital Bootcamps: What Are They And How They Create A Future-Ready Workforce

Digital Bootcamps: What Are They And How They Create A Future-Ready Workforce The workforce is undergoing tremendous change. Rapid digitization and automation are giving rise to new workforce challenges. The shelf life of the skillset has already been reduced

Read Full PostRead - Eye Icon
Why Businesses Are Welcoming the Challenge of Disruption
Leadership
26/07/2022Why Businesses Are Welcoming the Challenge of Disruption

The merciless transition from global pandemic to cost of living crisis has left businesses reeling. The destabilisation of the economic climate has resulted in firms scrambling for penny-pinching solutions to keep themselves afloat.

Read Full PostRead - Eye Icon
Chargeback Fraud Detection: 3 Methods To Reduce Disputes and Chargeback Costs
News
24/02/2023Chargeback Fraud Detection: 3 Methods To Reduce Disputes and Chargeback Costs

Do you know that for every $1 lost to chargebacks, stakeholders lose $4.23 on average? Little wonder eCommerce businesses dread chargebacks; it is not only costly, it is time-consuming.

Read Full PostRead - Eye Icon
CFO of the Month
Leadership
19/07/2016CFO of the Month

In a special feature interview with Theresa E. Wagler, a highly seasoned professional of Steel Dynamics, she gives fascinating insights into her broad yet vital and fascinating role as CFO of this company.

Read Full PostRead - Eye Icon
Innovation for Efficiency: Unleashing the Potential of Intelligent Battery Management
Innovation
21/07/2023Innovation for Efficiency: Unleashing the Potential of Intelligent Battery Management

In 2022, the global market size for battery management systems was USD 7.8 billion and is projected to reach a whopping value of USD 55.

Read Full PostRead - Eye Icon
Reaching Out to Your Target Audience: Three Ways to Use Social Media Effectively
News
09/02/2022Reaching Out to Your Target Audience: Three Ways to Use Social Media Effectively

Social media has evolved in many ways that online networking platforms are no longer considered just tools to connect with family and friends.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow