Auction of Reiss is on the table

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Reiss is being groomed for a sale after a long period of impressive sales.Sky news reported that Warburg Pincus, which took a substantial stake in Reiss in 2016, has appointed the investment bank Rothschild to conduct a review.
Reiss trades in 69 standalone stores.
// Reiss could be up for auction after a successful performance
// Insiders reveal a sale process could begin in the second quarter of the year

Reiss is reportedly being groomed for a sale after a period of impressive sales.

Sky News reported that Warburg Pincus, which took a majority stake in the fashion retailer back in 2016, has appointed the investment bank Rothschild to conduct a review.

Although Warburg Pincus could retain its stake for a longer period, sources speaking to Sky News said the likeliest outcome was a sale process that could get underway during the second quarter of the year.

READ MORE:  Reiss’ sales samsh £100m thanks to investment


Retail analysts said an auction would inevitably attract strong interest from a range of strategic and financial bidders.

Reiss operates in 15 countries and trades from 69 standalone stores and has performed strongly under Warburg Pincus’s ownership – which analysts have called an impressive feat against the doom and gloom of the retail industry.

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