next increases stake in reiss to 51 percent

Next increases stake in Reiss to 51 percent

Sumary of Next increases stake in Reiss to 51 percent:

  • High roadway merchant Next has increase its share in upmarket British brand Reiss to 51 percent.
  • Next takes number share in Reiss In May 2021, The Telegraph inform that Next CEO Simon Wolfson would become the chair of Reiss, regenerate David Reiss, who open the enterprises in 1971.
  • In its most new vend modify for the 52 weeks to August 29, 2021, sales at Reiss rose 24.6 percent year-over-year as it jump from the pandemic, but those illustrations were still below 2019 levels.
  • As part of the deal, the Reiss computers and online operations were convert to Next through its Next Total Platform, which provides warehousing and distribution services for Reiss retail, contract, wholesale and contract businesses.

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