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3 Sep

Next to Increase Stake in Reiss to 72 Percent

by Beautifaire101
Beauty, Featured
LONDON — British high-street retailer Next on Friday revealed that it and the Reiss family have agreed to accumulate all of personal equity firm Warburg Pincus’ 34 percent interest within the Reiss Group for 128 million kilos. The transaction, which is anticipated to happen in mid-October, would see Next’s holding within the brand go up from 51 to 72 percent. Meanwhile, the Reiss family’s share will increase to 22 percent, with the remaining 6 percent held by the Reiss management team. Warburg Pincus acquired a majority stake from the Reiss family in May 2016. Next said the deal wouldn't contribute to the underlying profitability of the group, but there could be a non-recurring, non-cash, exceptional gain in its accounts within the period. The...
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7 May

Kate Middeton Dresses Down in Reiss for the Day

by Beauty Tips
Fashion, Featured
LONDON — Time to decorate down. Catherine, Princess of Wales wore a baby blue linen blazer from Reiss with Veja trainers to a walkabout in Windsor, where royal revelers continued to have a good time the coronation of King Charles III that took place on Saturday morning. The Princess of Wales greeted members of the general public along with her husband Prince William ahead of Sunday night’s ​​coronation concert, where Lionel Richie, Katy Perry and Take That might be performing. The Princess of Wales wearing a Reiss blazer in Windsor the day after the coronation of King Charles III. Getty Images On the coronation, the princess wore a protracted white Alexander McQueen gown with embroidered flowers symbolizing the 4 countries that make up Great Britain....
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3 May

EXCLUSIVE: Reiss, McLaren Racing Embark on Multiyear Partnership 

by Beauty Tips
Fashion, Featured
Reiss goes into the sporting world with its latest partnership. The British fashion label announced on Wednesday it's embarking on a multiyear partnership with the McLaren Racing Formula 1 team. The partnership makes Reiss the official travel partner of the racing team.  “We share most of the same brand traits as McLaren, which made this partnership feel so authentic. We’re two iconic British brands with a give attention to precision craftsmanship,” said Reiss chief executive officer Christos Angelides. “At Reiss, we've got all the time been focused on dressing our customers for each occasion of their lives. They know that Reiss might help them to really elevate their wardrobe and with that comes confidence, presence and elegance. We see these same attributes...
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