Reiss denies majority stakeholder looking to sell

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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.

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