Iceland and New Look investor Brait eyes assets sale

Iceland investor Brait aims to realise assets

Brait, a leading shareholder in retailers Iceland and New Look, aims to realise its investments within five years.

Brait revealed its plans alongside a financial restructuring as it seeks to put itself on a firm financial footing in the wake of difficulties that afflicted it.

Brait, which is also an investor in Virgin Active, had formerly acted as a “long-term investment holding company”.

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