Reiss’ festive sales spike as owner Warburg seeks buyer
The fashion retailer said group sales jumped 18% in the seven weeks to January 18. In the UK, revenues rose 15%.
Warburg Pincus shelled out more than £100m to acquire a majority stake in the business from founder David Reiss back in 2016. The move valued Reiss at more than £230m.
Warburg has now approached investment bank Rothschild to find a buyer for the group, which operates 82 stores and 104 department store concessions globally.
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