Retail: Next ups its stake in luxury fashion group Reiss
Next has increased its stake in luxury fashion retailer Reiss from 51 to 72
Source: heraldscotland.com
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GlobalData : Next's increased stake in Reiss will be beneficial for both and lead to further market share gains, says GlobalData -Today at 06:18 am
01 Sep, 2023 Next's increased stake in Reiss will be beneficial for both and lead to further market share gains, says GlobalData Share ...
Source: marketscreener.com
Next spends £128m to raise stake in Reiss 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.
Source: sharecast.com
Next increases stake in Reiss to 72%
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
Source: drapersonline.com
UK Retailer Next Ups Stake in Reiss as Warburg Pincus Exits
Britain's Next agreed a deal to raise its stake in upmarket fashion chain Reiss Group to 72% from 51%, after the retailer teamed up with the Reiss family to buy Warburg Pincus's shares for 128 million pounds ($162 million). Next, one of the UK's biggest clothing chains, has added a number of well-known brands to its stable in recent years, including parts of retailers such as Cath Kidston, Joules and Made.com. Following the latest deal, the Reiss family's holding will rise to 22% and the management team will hold 6%.
Source: aawsat.com