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Brait plans exit from New Look amid UK fashion struggles
The Star
|June 19, 2025
INVESTMENT holding group Brait is actively exploring exit options for its stake in UK fashion retailer New Look, it said on Wednesday, as the underperforming asset continues to weigh on its portfolio amid a broader strategic reshaping following its 2024 recapitalisation.
New Look, once a significant pillar in Brait’s investment lineup, now comprises just 3% of its total assets, down from 7% a year earlier.
The decline reflects continued weak trading in the UK’s embattled fashion retail sector, which has been plagued by consumer caution, price discounting, and shifting demand patterns.
Sales at New Look fell by 4% year-on-year while gross profit declined by 3%, according to Brait’s year-end results for the period ended March 31, 2025.
A capital injection of £30 million (R730m) was recently announced in an attempt to support the retailer's transition to a more digitally focused model.
Diese Geschichte stammt aus der June 19, 2025-Ausgabe von The Star.
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