South African billionaire buys UK's New Look.

Position:Briefs: South - Christo Weise - Brief article
 
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South African billionaire Christo Weise has added to his UK portfolio by taking a controlling stake in fashion retailer New Look.

The 6780m ($1.2bn) deal will give Weises investment vehicle Brait a 90% stake in the retailer, just weeks after it bought 80% of UK gym chain Virgin Active in a 6682m ($1.1bn) deal.

The deal, which values New Look at around 1.9bn [pounds...

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