Best of 2022: Christo Wiese lifts the bar with Virgin Active
Brait, the investment holding company, with a significant investment in Virgin Active has shown promising performance with membership up 12%.
Virgin Active
Brait’s chief executive talks the turnaround story – do fallen angels rise?
Peter Hayward-Butt has the unenviable task of getting the once juggernaut back on track and formed part of the BPH on results day.
Christo Wiese lifts the bar with Virgin Active
Brait reports positive performances in all three of its major investments including Virgin Active which has seen its membership base grow 12% year to date with 847k active members.
Sweeping overhaul at New Look as Christo Wiese seeks to salvage investment
Brait SE, owner of struggling UK apparel chain New Look, launched a sweeping overhaul as leading shareholder Christo Wiese seeks to salvage his investment after seeing his other retail assets plunge in value.
Brait hostilities as Christo Wiese and friends devise plan to revive fortunes
South African businessman Christo Wiese is part of a shareholder group proposing investment company Brait SE raise R3bn in a share sale and dispose of all assets except gym-chain Virgin Active.
Return of Consol: glass-packaging maker seeks to raise R2.7bn with JSE listing
Consol, the glass-packaging maker that last traded on Johannesburg’s bourse more than a decade ago, said it’s plotting a return and is seeking to raise R2.7 billion.
🔒 WORLDVIEW: JSE’s most UK-focused stock now very cheap after Rand back to its falling ways
With the Rand back to “business as usual” this hard hit UK-focused stock is suddenly back on the top of buying lists. Including its own – the JSE-listed company bought back over R150m worth of its own stock last month.
🔒 WORLDVIEW: Having a New Look at one of our SA portfolio’s cornerstones
Alec Hogg just loves stocks that reward patience. Because there seems to be so little of it in this speeded up world we live in.
Post-Brexit win: Brait seeks London listing, new funding
Brait, the South African investment company that owns UK chains Virgin Active and New Look, plans to trade its shares on the LSE and will consider selling new equity to fund future deals.
FSB adds Steinhoff, Brait to price manipulation investigation
Trading in Steinhoff stock is being examined between September and November, the months leading up to the retailer’s R62.8bn acquisition of Pepkor.