Brait, an investment holding company, completed the acquisition of New Look, a UK multichannel fast-fashion brand, from Apax Partners and Permira for $1.2bn. "We are delighted to have announced this transaction. Brait have a track record of long-term and supportive investments – they give us the perfect platform to continue our strategy of growing the New Look brand in the UK, Europe and China. I’d like to take this opportunity to thank our existing shareholders for their support over the years, and I am looking forward to working with Brait in the future," Anders Kristiansen, New Look CEO.