Next upping Reiss stake 'a good move'
Next announced on Friday 1 September that it acquired US private equity firm Warburg Pincus’s 34% stake in Reiss for £128m—the sole stake in the brand not
Stay updated with breaking news from Simon Wolfson. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Next announced on Friday 1 September that it acquired US private equity firm Warburg Pincus’s 34% stake in Reiss for £128m—the sole stake in the brand not
Next has increased its stake in luxury fashion retailer Reiss from 51% to 72%
Next has increased its stake in luxury fashion retailer Reiss from 51 to 72
Next is spending £128m to buy a further 21% stake in premium high street retailer Reiss despite recent reports it was considering selling its investment.
Upon completion of the deal, which is expected to take place in mid-October, Next will own 72% of shares in Reiss, the Reiss family's holding will