dropped out of the bidding for Sir Philip Green's Arcadia brands Topshop and Topman earlier this year. It will own 25pc of Reiss.Next has been adding hundreds of brands online including Barbour, Boden and Gant to its website over the years, with Marks & Spencer and John Lewis taking similar steps in recent months to offer shoppers more choice.
Reiss is owned by US private equity firm Warburg Pincus and was up for sale before the pandemic struck.Chief executive Christos Angelides, who previously worked for Next, will continue to lead the business after four years at the helm.
The Duchess of Cambridge wore a Reiss dress for her official engagement portraits.Lord Wolfson, the chief executive of Next, said: “Reiss is an outstanding brand with.
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