Reiss is owned by Next (the United Kingdom, LSE: NXT), which acquired the brand on 22 September 2023 for £311 million.[1][2] Reiss was founded in 1971 in London and was independent until 2023.
Next owns 72% of Reiss rather than all of it.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Reiss sits above the high street on price and gained attention when the Duchess of Cambridge wore one of its dresses in an official portrait. Next acquired a majority stake in 2021. Next bought a controlling stake rather than the whole company, leaving the founder with a holding, which is how the retailer has structured several of its acquisitions.
NEXT bought a further 21% of Reiss in September 2023, taking its holding from 51% to 72% and, with changes to the shareholders' agreement, giving it control for the first time. NEXT had held 25% since 2021 and 51% since May 2022, but accounted for Reiss as a joint venture because key decisions needed every shareholder's agreement. Total consideration was £311.2 million, of which only £98.5 million was cash: most of the rest was the fair value of the stake NEXT already held. Remeasuring that stake produced an exceptional accounting gain of £108.6 million.
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Frequently asked questions
Who is the parent company of Reiss?
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The parent company of Reiss is Next, a publicly listed company headquartered in the United Kingdom.
Is Reiss British?
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Yes. Reiss originated in the United Kingdom in 1971 and its owner, Next, is also headquartered in the United Kingdom.
When did Next buy Reiss?
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Next completed its acquisition of Reiss on 22 September 2023. The deal was valued at £311 million (enterprise value).
Who owned Reiss before Next?
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Reiss was an independent company from its founding in 1971 in London until Next acquired it in 2023.
Is Reiss still owned by Next?
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Yes. As of 16 September 2026, Reiss is still owned by Next (72% stake). The ownership record was last checked against primary sources on that date.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
[1]NEXT plc Annual Report 2025 — NEXT plc, Annual report, published 27 March 2025; retrieved 16 September 2026.