Many a JSE-listed stock has fallen from grace over the past five years, and Brait is no exception.

Almost everyone knows the details of the catastrophic demise of UK fashion retailer New Look. The latest development at New Look is that, along with other shareholders, Brait will recapitalise the business in a debt-for-equity swap transaction of about R12.5bn.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now