Page 9 - Simon Wolfson News Today

Next PLC on Friday said it agreed to substantially boost its interest in the Reiss Group, buying an extra 21% stake for GBP128 million. Leicester, England-based clothing, footwear and home products...

Enderby retail giant enters partnership to secure an extra 34% of the fashion firm

Fashion retailer Next has joined forces with the Reiss family to acquire a significant stake in the Reiss Group.

Next Plc has taken a 34% stake in Reiss from Warburg Pincus in a £128m deal, which takes its ownership in Reiss Group from 51% to 72%.

Next will acquire the entirety of Warburg Pincus’ 34 percent interest in the label for 128 million pounds.

For all the latest fashion retail people moves bookmark this page Find your perfect fashion role at Drapers Jobs Click on the headlines below for more

For all the latest fashion retail people moves bookmark this page Find your perfect fashion role at Drapers Jobs Click on the headlines below for more

In the wake of the Covid-19 pandemic, the global workforce experienced a significant shift. Termed the 'Great Resignation', 'Great Reshuffle', or 'Big

For all the latest fashion retail people moves bookmark this page Find your perfect fashion role at Drapers Jobs Click on the headlines below for more

Next PLC (LSE:NXT)s mantra under chief executive Simon Wolfson has always been to under-promise and over-deliver. So, once again we find the clothing...