David Reiss is rounding off his 45th year at the helm of premium fashion chain Reiss with lots to look forward to. Private equity firm Warburg Pincus acquired a majority stake in the firm in April, prompting a programme of international expansion focused on North America, Asia and Australia. Reiss has wasted no time, with store openings apace in New York, Toronto and Melbourne in recent months, expanding the portfolio to almost 190 stores in 17 countries.
Reiss also completed its three-year turnaround plan this year, achieving its “best performance ever” in the 12 months to 31 January – sales were up 11% year on year to £124m and profit after tax rose 68% to £13.5m.
In November, Drapers gave Reiss the Lifetime Achievement Award at the Drapers Awards, in recognition of the journey he has taken to turn his father’s single store into a booming retail business.