Warburg Pincus news and archive

Reiss owner reportedly mulling sale of well-performing retailer

The owner of Reiss is reportedly considering selling the British fashion retailer after a period of impressive trading and against a broader backdrop of troubled British retail. Warburg Pincus, which took a majority stake in the fashion chain back in 2016, has appointed investment bank Rothschild to review its strategic options, according to Sky...

Retail

Reiss eyes up expansion in North America

London - Reiss is set to expand its retail footprint in North America and is poised to open stores in New York, Miami and Yorkdale as part of its international expansion scheme. "North America is a key market for us and we are really excited about each of the openings this year and further expanding our presence," said chairman and chief...

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Business

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...

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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...