Reiss’ sales smash £100m thanks to investment
// Reiss total group sales up 23.7% to £102.9m // Like-for-likes increased 25.6% on a constant currency basis Reiss has reported its total group sales has surged by 23.7 per cent to £102.9 million in...
View ArticleReiss Christmas sales rise 18% as owner seeks buyer
// Reiss’ Christmas sales rise while owner seeks a buyer for the chain // Revenues in the UK up 15% during the festive period // Owner Warburg Pincus bought a majority stake in Reiss for £100 million...
View ArticleReiss sales reach £227m thanks to rapid global expansion
// Reiss total sales up 21.9% to £227.4m in the 52-week period ending February 1 // EBITDA increased by 51.6% to £29.3m // Reiss said it has continued to invest in the “design and quality” of its...
View ArticleReiss unveils phased UK store reopening plans
// Reiss to embark on a phased reopening of its UK stores from June 15 as per government guidance // It follows a successful reopening of selected stores in Europe // Reiss will initially reopen 26...
View ArticleNext buys £33m stake in Reiss
// Next buys 25% stake in Reiss // Next has added hundreds of brands to its website over the years // Reiss will have its own independent board of directors and continue to be headquartered in London...
View ArticleNext chief executive Lord Wolfson to chair Reiss
// Next boss Lord Wolfson will become chairman of Reiss // Next will invest over £40m in Reiss after purchasing a 20% stake // Reiss CEO Christos Angelides will remain in his role Next has reportedly...
View ArticleReiss sales recover as it preps to launch childrenswear next month
// Reiss reports a pre-tax loss of £3.8 million compared to 2019 profit of £20.5 million // The retailer is also moving into childrenswear and has a new collaboration with the luxury sports brand...
View ArticleReiss eyes Next’s multichannel magic with improved delivery and returns
// Reiss will improve its delivery and returns offer, extending its next-day delivery cut-off from 7pm and 11pm and expanding its click-and-collect points // The improved fulfilment offer brings it in...
View ArticleNext ups stake in Reiss to 51%
// Next has increased its stake in Reiss to 51% // Reiss has continued to retain management authority and has its own independent board of directors based in London Next, which previously had a 25%...
View ArticleReiss reports record sales as profits boom
// Reiss saw record sales and profits last year // For 2021, the fashion retailer said that group sales rose 50% compared to 2020 Reiss has returned to profit, reporting record sales and profits last...
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