Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Reiss owner mulls sale

The American owner of premium retailer Reiss is considering selling off its stake in the business.

Private equity firm Warburg Pincus, which bought a majority stake in the retailer in 2016, has appointed investment bank Rothschild to review potential options, including a sale. 

“At some point you would expect a financial investor to consider ways in which to realise its investment, but the rumours of Warburg Pincus selling have been rumbling on for a year or so”, a source close to the situation told Drapers. 

The news comes after a period of strong trading for the retailer. In its most recent results, Reiss reported 8.3% growth in sales to £186.3m for the year to 2 February 2019, and a 21.3% rise in EBITDA to £19.3m.

Rumours emerged of a potential sale in May 2019, but at the time were denied by Reiss.

Tags

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.