Lord Wolfson is to take up the additional post of chairman of fashion business Reiss, replacing founder David Reiss. Next acquired a 25 per cent stake in the Reiss business in March for £35 million with an option to buy a further 26 per cent prior to July 2022.
Reiss which is headed by former Next director Christos Angelides has 183 stores and a number of concessions in the UK and overseas.
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