All Reiss articles – Page 2
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NewsNext boss Lord Wolfson set to chair Reiss
Lord Wolfson is set to be the next chair of Reiss, following Next’s purchase of a 25% stake in the retailer earlier this year.
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Retail Navigator AnalysisReiss (People)
Reiss continues to have its own board of directors headquartered in London under the leadership of chief executive Christos Angelides following the acquisition of a 25% stake in the business by Next from early 2021. Announcing the partnership in March, it was stressed that Reiss would ‘retain its management autonomy and creative independence’.
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Retail Navigator Analysis
Reiss (Overview)
Reiss is an affordable luxury apparel brand that strives to embody its namesake founder David Reiss’s belief in timelessness rather than fast fashion. Fashion giant Next acquired a 25% stake in the premium fashion brand in 2021, before taking its stake up to 51% in mid 2022 in partnership with private equity firm Warburg Pincus and the Reiss Family. However, in September 2023, Next bought Warburg Pincus’ 34% stake in Reiss for £128m, which took Next’s total stake in Reiss up to 72%.
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Retail Navigator AnalysisReiss (Financials)
Reiss total sales increased 26.9% to £324.6m for the 2022 financial year to end-January 2023 (FY2022) as it continued to build on a strong post-pandemic bounce back. It reported growth in all channels and territories, hailing the transition of its ecommerce and logistics operations to Next’s Total Platform in February 2022 for helping “facilitate growth” by giving its UK customers access to “all online and store stock at a time and place of their choosing”.
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AnalysisAnalysis: How Next’s Total Platform is ‘following the money’ online
Bellwether retailer Next unveiled its full-year results today, confirming that online is doing better than ever and providing more information on its latest etail venture.
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Opinion
‘New partnerships such as Next and Reiss are shaping retail’s future’
Agility and partnerships go hand in hand with brand relevance and evolution. So do innovation and investment.
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NewsNext takes stake in Reiss in new strategic partnership
Next and Reiss have agreed on a long-term strategic partnership whereby Next will take a 25% equity stake in the fashion brand.
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AnalysisWho will be the retail CEOs of the future?
Retail Week speaks to a panel of industry experts to determine which executives will be in charge of the UK’s biggest retailers over the next five years.
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NewsRetail Week Awards 2020: The winners
Tesco boss Dave Lewis and Ocado chief executive Tim Steiner were among the winners of the Retail Week Awards 2020 sponsored by Salesforce.
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NewsReiss profits and sales soar after ‘strongest’ results in its history
Reiss has reported soaring profits and sales for the last financial year, in what the brand described as its “strongest” set of results in its history.
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NewsReiss’ festive sales spike as owner Warburg seeks buyer
Reiss has posted a jump in Christmas sales as its private equity owner Warburg Pincus seeks a buyer for the chain.
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AnalysisSmashing it: Nine retailers that powered ahead in 2019
Torrid trading conditions meant retail casualties made headlines throughout 2019. Sometimes it appeared that the entire retail industry was in the emergency ward, but that’s not so. Here we take a look at some of the successful retailers that smashed it out of the park this year.
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NewsReiss sales soar as investment pays off
Fashion retailer Reiss has reported a surge in first-half sales.
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NewsReiss denies majority stakeholder looking to sell
Reiss has categorically denied recent media speculation that private equity firm and majority stakeholder Warburg Pincus is looking to sell the retailer.
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NewsReiss posts earnings rise as it reins in discounting
Reiss has reported an uplift in full-year sales and profits after it cut discounting and invested in operational improvements.
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NewsReiss profits drop amid global openings
Reiss’ profits dropped last year despite rising sales as the retailer ploughed investment into global openings.
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NewsReiss appoints new group trading director
Reiss has hired an ex-Mothercare, M&S and Next director as its new group trading director.
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AnalysisData: The UK's top 30 multichannel retailers
In 2017, there aren’t many retailers that don’t operate an ecommerce site, but being a successful multichannel retailer is so much more than simply opening an online store.
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NewsJoJo Maman Bébé hires Gwynn Milligan to senior role
JoJo Maman Bébé has named Gwynn Milligan as commercial director.
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AnalysisInfographic: Reiss hires Angelides, Clarks' store review
The week in words and numbers, February 24, 2017: Reiss’s founder on hiring ex-Next executive Christos Angelides, and Clarks’ boss on its portfolio review.
