Reiss’ festive sales spike as owner Warburg seeks buyer

Reiss Melbourne

Reiss has posted a jump in Christmas sales as its private equity owner Warburg Pincus seeks a buyer for the chain.

The fashion retailer said group sales jumped 18% in the seven weeks to January 18. In the UK, revenues rose 15%.

Warburg Pincus shelled out more than £100m to acquire a majority stake in the business from founder David Reiss back in 2016. The move valued Reiss at more than £230m.

Warburg has now approached investment bank Rothschild to find a buyer for the group, which operates 82 stores and 104 department store concessions globally.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading 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:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

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.