Next buys £128m stake in Reiss from private equity firm
Fashion giant Next has confirmed the purchase of private equity firm Warburg Pincus’ 34% stake in Reiss, upping the retailer’s total stake to 72%.
Next has bought out the private equity firm for £128m and the terms of the transaction, which is expected to be complete in October, have been agreed with the Reiss family.
Already have an account? Sign in here
