High street star Reiss prepares to try on new owner

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 67%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Sky News has learnt that Warburg Pincus, which took a substantial stake in REISS in 2016, has appointed Rothschild, the investment bank, to help it conduct a review of strategic option

Reiss has benefited from extensive support for its fashion from 'influencers', celebrities and other public figures, including the Duchess of Sussex, who wore a £185 Reiss mini-dress on International Women's Day last March.In the last full year for which figures are available, sales rose by 8.3% to £186.3m in the 12 months to 2 February 2019.

A large part of Reiss's recent success is credited to Christos Angelides, the former Next executive who was hired as Reiss's chief executive in 2016. In addition to its standalone stores, Reiss trades from more than 100 concession outlets, and is understood to be the top-performing brand in John Lewis department stores.

Reiss also has wholesale & franchise agreements with Nordstrom in the US and Shinsegae in South Korea.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

REISS

REISS leggitt_3883

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pampered bunny in a bow tie lives the high life flying business class with ownerIF YOU have ever dreamed of flying business class round the world, prepare to be jealous of Coco the bunny. This rabbit knows how to live the high life, with photos showing the bow tie-wearing bun… Talk about living the high life! I wish every animal on earth was treated this good! And then we have the homeless . Bunny privilege
Source: TheSun - 🏆 64. / 61 Read more »

The 2 new high street bridal collections everyone needs to seeThese high-street stores have just launched their very first bridal collections - tell a bride-to-be!
Source: StylistMagazine - 🏆 133. / 51 Read more »

The best high protein breakfast optionsA nutritionist reveals which breakfast foods are packed full of protein.
Source: Cosmopolitan UK - 🏆 134. / 51 Read more »

Bungalow owners ordered to tear down extension that was 5 inches too highHomeowners Mr and Mrs Hyam built a side extension to their house, only to be told by Warwick District Council that it was five inches too high - meaning they will have to start the project again Ludcrous Feckn stupid!!....regulations gone crazy!!....no wonder people get angry!!... there has to be a compromise!!...work it out... 5' can be lost😡 just lower the ridge 5 inches and put flat capping on it
Source: The Mirror - 🏆 136. / 51 Read more »

Labour leader hopeful Lisa Nandy's drastic plan to save the high streetEXCLUSIVE: The Wigan MP is calling for an urgent change to business rates so the high street can compete with the internet Prettier version of Sarah Huckabee Sanders Anyone else feel like the Labour leadership race is just irrelevant news spam
Source: The Mirror - 🏆 136. / 51 Read more »

Lisa Nandy: High street shops are a lifeline for the thousands working in themThe Labour leader hopeful has launched a drastic plan to help save high street shops so they can compete with online retailers
Source: The Mirror - 🏆 136. / 51 Read more »