The South African Private Holdings Company, Which Bought The UK High Street Brand, Plans To Go Public In London.

Last year the British bought high street.

New Look Group Ltd. 89% stake in South Africa private Holdings Company Brait SE plans to list in London.

In order to raise awareness, improve contacts with wider international investors, and expand capital pools for future capital increase, Brait SE plans to launch the first listing by March next year.

Moved from Luxemburg to the London Stock Exchange and moved the company registration office from Malta to Britain.

Brait SE said that it has taken the UK off Europe factor, and the company has not yet decided on the scale of its fund-raising, but will consider finding stocks or convertible bonds.

The company also said it would maintain its second listing in Johannesburg, South Africa.

The largest shareholder of Brait SE is Christo Wiese, a 73 year old retail giant in South Africa, which accounts for 35% of the shares, but controls the voting rights of investment companies through management and family members.

In recent years, he has been active in the M & A activities of the British retail industry. Before buying the New Look Group Ltd., he also bought a 78% stake in the Virgin group, the fitness club of Virgin Group, in Britain for 682 million pounds.

At the beginning of 2015, Apax Partners LLP and Permira Advisers LLP Ltd., who had held New Look Group Ltd. for the first time, were eager to divest their capital, and worked together with the company of Goldman Advisers, Goldman Sachs (Goldman) and Goldman Sachs for the sale of minority or even controlling shares.

The sale of the group even attracted the attention of Chinese capital. For a while, it was reported that Fosun International Ltd (0656.HK) joined CDH investment and CITIC Capital contacted with the seller.

The acquisition of Brait SE gave the valuation of New Look Group Ltd. 1 billion 900 million, including 1 billion pounds of debt.

New Look Group Ltd. achieved 1 billion 490 million 600 thousand pounds in the 2016 fiscal year ending March 26, 2016, up 5.4% from 1 billion 414 million 500 thousand in fiscal 2015.

New Look brand increased by 3.6% compared with revenue. Its main UK market increased by 3.4%, and the group operated independently.

And third party e-commerce platform revenue recorded 27.9% and 41.8% of the increase, of which third party e-commerce platform revenue of 48 million 200 thousand pounds.

New Look Group Ltd. indicates that the group is already the first largest women's clothing retailer in Britain under 35 years old and the second largest women's clothing retailer in the UK.

In the newly entered Chinese market, the New Look brand has recorded a 8.8% year-round growth in the same store sales, which is much better than the -11.1% in the 2015 fiscal year.

As of the end of fiscal year 2016, the Group operates 746 stores in the global market, a net increase of 42 over the same period.

In addition to China, the group claims that Germany, France and Poland are also the key development markets of the group.