×
56 792
Fashion Jobs
LULULEMON
Assistant Manager, Operations | Wellesley
Permanent · Wellesley
LULULEMON
Assistant Manager, Operations | s. Galena Street (Aspen, CO)
Permanent · Aspen
LULULEMON
Assistant Manager, Operations (Contract) | West County Center
Permanent · St. Louis
MACY'S
Asset Protection Captain, Fresno Fashion Fair - Full Time
Permanent · Fresno
MACY'S
Asset Protection Detective, Visalia - Full Time
Permanent · Visalia
MACY'S
Asset Protection Detective, Boynton Beach - Full Time
Permanent · Boynton Beach
MACY'S
Asset Protection Detective, White Marsh - Full Time
Permanent · Nottingham
MICHAEL KORS
f/t Sales Supervisor, Christiana Mall
Permanent · Newark
NORDSTROM
Assistant Manager - Specialty Coffee - Grove at Farmer's Market
Permanent · Los Angeles
NORDSTROM
Asset Protection - Agent - San Leandro Rack
Permanent · San Leandro
NORDSTROM
Asset Protection - Security Ambassador - Towson Town Center
Permanent · Towson
ROSS STORES
Store Protection Specialist
Permanent · Englewood
ROSS STORES
Store Protection Specialist
Permanent · Pembroke Pines
MACY'S
Asset Protection Detective, Lakeforest - Full Time
Permanent · Gaithersburg
MACY'S
Asset Protection Detective, Easton - Full Time
Permanent · Columbus
MACY'S
Asset Protection Detective, Auburn - Full Time
Permanent · Auburn
MACY'S
Asset Protection Detective, Santa Anita - Full Time
Permanent · Arcadia
TJ MAXX
ft Loss Prevention Detective Now Hiring
Permanent · Hartsdale
TJ MAXX
ft Loss Prevention Detective Now Hiring
Permanent · Yonkers
ADIDAS
Senior Specialist, HR - Covid Pmo - Limited Duration (Until End of Year)
Permanent · Portland
ADIDAS
Senior Director, Sport Brand Communications
Permanent · Portland
ADIDAS
Senior Manager Human Resources - Brand And Business Development
Permanent · Los Angeles
Published
May 29, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Reiss owner denies plans to sell control of brand

Published
May 29, 2019

Reiss, the mid-market brand patronised by royal influencers the Duchesses of Cambridge and Sussex, has denied reports that it's up for sale with its private equity backer, Warburg Pincus, saying it isn't getting ready to appoint bankers to handle the transaction.


Reiss


A spokesperson said that "it is categorically untrue to say that bankers are going to be appointed to explore the sale of our investment in Reiss, or that the company is itself is up for sale”. The Telegraph had reported that the process should begin soon.

The private equity company acquired its controlling stake three years ago in a deal that valued the retailer at £230 million. The current market price was rumoured to be around £280 million and demand from other private equity buyers would have been expected to be high.

Reiss has shown itself to be one of the stronger players in the UK fashion sector and its latest set of results, released last month, showed sales continuing to rise in double-digits and Ebitda profits rising strongly too, although final profits fell. 

It has benefited from its focus on the UK and US markets and is clearly getting the product offer, and its price level, just right. It targets a similar customer to those who would have been fans of LK Bennett, but with that latter brand being priced much higher, Reiss’s prices have proved very appealing and the company has managed to sell more goods without resorting to markdowns.

Its focus on trend-led occasion and careerwear has also resonated with consumers and patronage by the former Kate Middleton and Meghan Markle gives it regular publicity boosts that help it in both its domestic British market and abroad.

David Reiss founded the retailer in 1971 as a menswear-only company, moving into womenswear at the turn of century. It now has 160 shops in Canada, Hong Kong and mainland Europe, as well as Britain and the US.

Copyright © 2022 FashionNetwork.com All rights reserved.