David Reiss news and archive

Reiss sells stake to Warburg Pincus to accelerate expansion

London - Premium fashion retailer Reiss has sold a majority stake of the business, valued at 230 million pounds to an affiliate of private equity firm Warburg Pincus, as the brand looks to expand further both in the UK and internationally. Reiss, founded by David Reiss in 1971, has more than 160 locations in 15 countries, and in the year to...

Business

Warburg Pincus in discussion to acquire stake in Reiss

The founder of premium fashion retailer Reiss is said to be in discussion with private equity firm Warburg Pincus to sell a stake valued at close to 250 million pounds. Warburg Pincus is said to be in exclusive discussion with Reiss to purchase a substantial stake and has already reportedly warded off competition from Permira, the private equity...

Retail

Reiss to open debut stand alone store in Germany

High street fashion label Reiss is expanding its footprint overseas as the women’s and men’s wear label is set to open its first stand alone store in Germany later this year. The debut store will be located in the Kaisergalerie arcade in Hamburg and is set to open its doors in August. It will be the first stand alone store Reiss operates in...

Design

Reiss opens in Saudi Arabia

Reiss, the UK fashion chain, has opened its first store in Saudi Arabia and outlined plans to launch at least three more shops in the Kingdom. Located in Riyadh’s Panorama Mall, the new store offers 142 sq ft of retail space and showcases the retailer’s full range of design led menswear, womenswear and accessories. Commenting on the opening Paul...