Reiss has posted sales of £227.4 million for the year ended February 1st representing an increase of 21.9 per cent with EBITDA up by 51.6 per cent to £29.3 million. This comes largely as the result of new partnerships and expansion. The business had opened 67 new stores and concessions, 28 of which are in the UK, 17 in Europe, 29 in the USA and three in Asia. It had also enjoyed strong online growth.
“2019 was an excellent year for Reiss on all metrics and represents the culmination of driving Reiss through two years of transformation,” said Reiss CEO Christos Angelides. “We continued to invest heavily in the design, styling and quality of our collections. Customers have noticed the improvements by purchasing more clothes at full price on a like-for-like basis than ever before.”
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