christo wiese news and archive

Chris Seabrooke appointed as Non Executive Director to New Look board

Following the Brait SE directorate update announcement earlier today, the board of New Look Retail Group Ltd has announced that pursuant to time constraints, Dr Christo Wiese has retired as non-executive director of New Look. The company also said, Jacob Wiese has also stepped down as non-executive director of the company. Meanwhile, the company...

Business

New Look owner mulled over Argos takeover

South African entrepreneur and billionaire owner of New Look, Christo Wiese, had mulled over making a bid for Argos prior to Sainsbury's 1.3 billion pounds takeover deal with the catalogue retailer. The business man is said to have been interested in expanding his current British rule, which includes Virgin Active gyms and explored possibilities...

BusinessFeatured

New Look snapped up by Brait in 1.9 billion pound deal

Following months of speculation, British high street retailer New Look has finally found a new owner and has been acquired by South African billionaire Christo Wiese in a deal which values the fashion label at 1.9 billion pounds, including debts. Brait, the private equity vehicle owned by Wiese, has signed an agreement to acquire a 90 percent...