Tag Archives: Acquisitions

Reiss reaches overseas

U.K.-based fashion brand Reiss has opened its second Toronto location at Sherway Gardens, and a recent ownership change for the chain suggests Canadians could soon see more Reiss stores across the country.

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Reiss store at the Toronto Eaton Centre.

The upscale men’s and women’s clothing retailer, known for being a favourite brand of the Dutchess of Cambridge, made its Canadian debut in March with the opening of a store in the Toronto Eaton Centre.

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The chain, founded by David Reiss in 1971, now has more than 160 locations in 15 countries.

In April, Reiss Holdings – the company that owns the retail chain – entered an agreement to sell a majority stake in the company to New York-based global private equity firm Warburg Pincus LLC.

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That transaction positions Reiss for further international growth, particularly in North America, Asia and Australia, with a goal of building Reiss “into a truly global fashion brand,” David Reiss said in a statement about the deal.

That could mean the new Toronto stores are just the beginning of a broader Canadian presence for the fashion brand.

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Reiss is celebrating the launch of the new Sherway Gardens store with an opening party on Thursday, May 12, co-hosted by The Kit, complete with treats and drinks, and a chance to win a $1,500 Reiss wardrobe.

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Filed under Clothing Lines, Events, Fashion