Lord Wolfson is set to be the next chair of Reiss, following Next’s purchase of a 25% stake in the retailer earlier this year.
Wolfson is set to replace David Reiss as chair of the brand he founded in 1979, according to The Telegraph.
The appointment comes almost four months to the day after Wolfson joined the board of Deliveroo in January.
Wolfson has been at the helm of Next for the last 20 years and the retailer snapped up a 25% stake in Reiss in March of this year. It has the option of acquiring a further 26% stake in the company by July 2022.
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