Clothing & Shoes
Next increases stake in Reiss to 51%
Reiss continues to retain management authority and has its own independent board of directors based at its London headquarters
Next has reportedly upped its stake in Reiss to 51%, having previously acquired a 25% equity stake in Reiss back in March 2021, which was valued at around £200m, as part of a long-term, “strategic” partnership.
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