Brait says listing could remedy Virgin Active’s all-white board
Gym chain looking at makeup of its executive before a potential IPO, according to the majority owner
16 July 2024 - 05:00
Virgin Active, which is two-thirds owned by Christo Wiese-backed Brait, has no black directors on its 10-member board and only one woman director. The company says that might be remedied with a possible listing of the gym company.
Brait, which bought a majority stake in Virgin Active in 2015 in a multibillion-rand deal, said the health club chain is looking at the composition of its board before a potential initial public offering (IPO)...
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