Elliott Advisors Eyeing Reiss: Private Equity Firm Among Prospective Bidders for UK Fashion Chain

Elliott owns Foyle's and Waterstones and has expressed interest in buying Reiss from its current shareholders, Next and Warburg Pincus.

One of Elliott's executives, Paul Best, was instrumental in Warburg Pincus's acquisition of a stake in Reiss in 2016.

Through its ownership of Bantry Bay, a specialist lender with exposure to Superdry and ASOS, Elliott has a significant understanding of the UK retail sector.

Reiss has a loyal customer base in the UK and Elliott believes there is potential to expand internationally.

Next and Warburg Pincus may decide not to sell Reiss, but if they do, it could be valued at over £500m based on expected earnings.

Reiss is a significant brand with a loyal customer base and potential for international growth.

The article mentions two companies, AllSaints and N Brown, which have seen an increase in demand for their products in the current financial year.

AllSaints sells its products at its own outlets as well as at Selfridges in the UK and Bloomingdale's in the US, while N Brown sells its products at its own outlets and through a television shopping channel.

The article also states that Elliott and Next have declined to comment.