Private equity news uk Next acquires Warburg Pincus' stake in Reiss

Next acquires Warburg Pincus’ stake in Reiss

Next has acquired a significant stake in fashion retailer Reiss from private equity firm Warburg Pincus. The deal, which values the brand at £376 million, sees the Reiss family’s stake increase to 22%, while Next’s stake grows to 72%.

Private Equity News UK

The acquisition marks Next’s continued expansion into the fashion industry, following its purchase of Lipsy in 2019.

The move also strengthens Reiss’s position in the market, as the brand continues to grow in popularity. Reiss is known for its high-end, stylish clothing and accessories, and has a strong presence in the UK and internationally.

The deal is expected to have a positive impact on both companies, as Next’s extensive retail experience and Reiss’s strong brand reputation combine to create a powerful partnership.

The move is also likely to benefit customers, as Reiss gains access to Next’s vast customer base and distribution network.

With this acquisition, Next has solidified its position as a major player in the fashion industry, and Reiss is poised for continued growth and success.

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Image: Next

Next Acquires Stake in Reiss

Next, the UK-based fashion and homewares retailer, has acquired a stake in Reiss from private equity firm Warburg Pincus for £128 million.

The acquisition will strengthen Next’s control of the upmarket fashion chain, with its stake in Reiss rising from 51% to 72%.

The Reiss family’s stake will also increase to 22%, while Warburg Pincus will exit the business. The deal values Reiss at £376 million.

This acquisition comes after Next partnered with the Reiss family to buy out Warburg Pincus‘ 34% interest in the fashion brand.

The move is part of Next’s strategy to expand its portfolio of brands and increase its presence in the luxury fashion market.

Reiss is a British fashion brand known for its high-quality clothing and accessories. With over 160 stores across 15 countries, Reiss has a strong international presence and is a popular choice among fashion-conscious consumers.

Next has been expanding its presence in the fashion industry in recent years, acquiring a number of high-profile brands, including Lipsy and F&F Clothing. The acquisition of a majority stake in Reiss is the latest move in Next’s ongoing efforts to establish itself as a major player in the fashion and homewares market.

Role of Warburg Pincus

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