Reiss news and archive

Reiss increases sales and profit despite "challenging year"

For the year to January 27, 2024, women’s, men’s and children’s fashion brand Reiss reported total sales of 346 million pounds, an increase of 8.1 percent versus the previous year. The company said in a filing that pre-tax profit for the year of 32.1 million pounds was 10.2 percent above the last year. The company added that it managed to...

Fashion |In Pictures

Reiss launches collaboration with Les 100 Ciels

Premium British retailer Reiss has launched an exclusive collection with French contemporary brand Les 100 Ciels. The 40-piece collection offers relaxed, contemporary pieces for women and men in luxe fabrications such as silk, noble wool and cashmere, a signature of Les 100 Ciels. In a statement, Reiss said the collaboration was born from a “...

Fashion |In Pictures

Reiss launches debut commercial collection with McLaren F1

Premium British retailer Reiss, which became the official travel kit partner of the McLaren Formula 1 team in May 2023, has unveiled its first commercial collection inspired by “elite performance at the heart of McLaren and the thrill of Formula 1”. Launching on February 16, the ‘Reiss x McLaren Formula 1’ collection will span menswear,...

Fashion |In Pictures

Reiss launches a new luxury Atelier line

Premium retailer Reiss has launched a new Reiss Atelier collection of timeless wardrobe staples crafted from luxurious fabrics. In a press release, Reiss said that the 37-piece collection takes inspiration from the retailer’s archive and features clothes that “skim the frame, giving the wearer a sensual look without compromising on the notion of...

Business

Next snaps up 34 percent interest in Reiss Group

British retailer Next has announced that it will acquire Warburg Pincus’ entire 34 percent interest in the Reiss Group for a total consideration of 128 million pounds. The transaction, which is expected to be complete by mid-October 2023, will see Next’s holding in the Reiss business increased from 51 percent to 72 percent. Meanwhile, the Reiss...

Business

Reiss: Investment firm Elliott reportedly enters takeover race

Investment firm Elliott Advisors is reportedly one of the parties interested in acquiring upmarket British brand Reiss. However, it is unclear whether Elliott will table a formal bid, Sky News reported Wednesday, adding that at least three parties are said to be involved in the auction, which is being overseen by bankers at Raymond James. The...

Business

Next reportedly exploring sale of Reiss

British high street giant Next is reportedly considering selling upmarket British brand Reiss. Next and fellow Reiss shareholder Warburg Pincus are in talks with banks over a deal that could value the label at more than 500 million pounds, Sky News reports, citing City sources. US investment bank Raymond James is reportedly overseeing the deal,...

Fashion

Reiss announces partnership with McLaren F1

Premium British fashion brand Reiss is the new official travel wear partner for the McLaren Racing Formula 1 team. The multi-year partnership follows a record-breaking financial year for Reiss and will see the McLaren Racing team wearing a selection of clothing from the fashion brand’s spring/summer 2023 collection to travel throughout the F1...

Business

Reiss Christmas sales up 20 percent, expects record FY profit

Upmarket British brand Reiss has reported a 20.3 percent year-on-year increase in sales in the Christmas trading period. In the nine weeks to January 7, store sales rose 18.5 percent while online sales increased 22.3 percent. For the six months to January 7, sales increased 16.1 percent, with store sales up 14.3 percent and online sales up 18.3...

BusinessFeatured

Reiss reports record 2021 sales as it swings to profit

Upmarket British brand Reiss made record sales last year as it returned to the black. In the 12 months to January 29, the London-based label posted a 50 percent increase in sales to 256.5 million pounds. International sales of 81.8 million pounds comprised over 30 percent of total group sales during the period. The company also said it saw an...

BusinessFeatured

Next increases stake in Reiss to 51 percent

High street retailer Next has upped its stake in upmarket British brand Reiss to 51 percent. The increased investment comes after Next snapped up a 25 percent stake in Reiss back in March 2021, valuing the business at around 200 million pounds. As part of the deal, the Reiss websites and online operations were transitioned to Next through its...

Fashion |In Pictures

Reiss launches second collection with Castore including womenswear

Reiss has launched its second activewear collection in collaboration with Castore introducing womenswear to the menswear offering. The second collaboration builds upon Reiss looking to establish its activewear category “engineered for modern living,” explains the brand, and features more technical pieces and a womenswear capsule collection. The...