© 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
Building Trust in Digital Securities: Insurance’s Time To Step Up
News
10/02/2020Building Trust in Digital Securities: Insurance’s Time To Step Up

Assurely’s Co-Founder and Chief Insurance Officer, Ty Sagalow shares his views about the role insurance can play to advance digital securities.

Read Full PostRead - Eye Icon
Transforming the Pharmaceutical Landscape
Innovation
03/04/2018Transforming the Pharmaceutical Landscape

Sintetica S.A. is a pharmaceutical company delivering injectable anaesthetics and analgesics to patients worldwide through innovative science and excellence in development, production and marketing.

Read Full PostRead - Eye Icon
Innovative Wellness Companies of 2020
Innovation
02/06/2020Innovative Wellness Companies of 2020

When people used to think about how they could improve their lives, they may have focused on physical health or finding a better job. Now people look to personal wellness experts to improve their lives from every angle. Keeping track of your wellness means mon

Read Full PostRead - Eye Icon
Bridging the Gap: How Fractional CFOs Offer Big Business Insights for Small Companies
News
07/02/2024Bridging the Gap: How Fractional CFOs Offer Big Business Insights for Small Companies

There are fewer barriers to starting a small business than ever today, but owners and founders often face one core problem when trying to scale beyond the sole proprietor startup face – they need top-tier financial expertise but don’t have the resources to

Read Full PostRead - Eye Icon
Why Accountability is a Core Element of Workplace Culture and Leadership
News
20/03/2023Why Accountability is a Core Element of Workplace Culture and Leadership

It’s incredibly difficult to develop a successful business and a thriving team without accountability, yet so many businesses neglect to develop this aspect of their workplace culture. If no-one (even in the leadership team) takes ownership of their responsi

Read Full PostRead - Eye Icon
The Benefits of Hiring a Business Incorporation Attorney
News
18/03/2024The Benefits of Hiring a Business Incorporation Attorney

Starting a new business can be an exciting venture, but it also comes with a multitude of legal complexities that can leave even the most ambitious entrepreneurs feeling overwhelmed. That’s where a corporate attorney Denver comes into play. In this artic

Read Full PostRead - Eye Icon
Centum Acquisition of a Controlling Stake in K-Rep Bank
M&A
01/02/2015Centum Acquisition of a Controlling Stake in K-Rep Bank

Centum, the East African investment firm, announced the acquisition of a controlling stake in Kenyan bank K-REP Bank Limited.

Read Full PostRead - Eye Icon
How to Start a UX/UI Design Agency in 2021
Leadership
08/09/2021How to Start a UX/UI Design Agency in 2021

Starting a UX design agency is no easy task, even if you’ve conquered the freelancing world. Let’s take a look at the steps you need to take to start your own UX agency.

Read Full PostRead - Eye Icon
The ABCs of Cybersecurity: How Small Businesses Can Safeguard Their Online Safety
News
25/01/2022The ABCs of Cybersecurity: How Small Businesses Can Safeguard Their Online Safety

Any business can be a target of hackers. Company size doesn't matter—as long as you have what cybercriminals want—you are their prey.



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