RESTRUCTURING
Brait’s struggling UK retailer New Look turning a corner
08 July 2019 - 23:41
Investment holding company Brait says its UK high-street retailer New Look, which was largely responsible for the dismal performance it reported in June, is now better positioned to turn the corner.
In its 2019 integrated report published on Monday, Brait, which counts Christo Wiese as a large shareholder, said after the restructuring of New Look’s balance sheet in May the retailer will be able to increase its investment in its operations...
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