By Hugh Radojev2019-05-29T13:11:00
Reiss has categorically denied recent media speculation that private equity firm and majority stakeholder Warburg Pincus is looking to sell the retailer.
The story first emerged over the weekend in The Sunday Telegraph which said that Reiss’ private equity backer Warburg Pincus was “preparing to appoint bankers to stitch together the sale of a majority stake” in the business.
A source at the fashion retailer said the story was “completely untrue” and lambasted the newspaper for not contacting either the business or Warburg Pincus before running the article.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.