Next in talks with Elliott Advisors over Reiss sale
Fashion giant Next is in talks with private equity house Elliott Advisors regarding the sale of its 51% stake in Reiss, according to Sky News.
Elliott Advisors is reportedly “among a group of prospective bidders” circling the fashion brand after it was revealed last week that Next is considering the sale of its stake.
It is understood that the deal would value the fashion brand at more than £500m, based on EBITDA for the current financial year.
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