18-06-2025
Tycoon Wiese's Brait Seeks to Sell UK Retail Chain New Look Within a Year
Brait SE is seeking to sell its UK apparel chain in the next 12 months as the South African investment holding company backed by billionaire Christo Wiese winds down its portfolio to repay debt and return cash to investors.
Talks with potential buyers of New Look are progressing as the retailer, which has about 400 stores, focuses on growing its online sales and reducing the number of outlets from which it sells dresses and jewelry across the UK, Brait Chief Executive Officer Peter Hayward-Butt said in an interview Wednesday.
