The activist investor and private equity firm Elliott Advisors is among a group of prospective bidders circling Reiss, the upmarket British fashion chain
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One person close to Next has cast doubt on whether it would ultimately sell its 51% stake, with a retail executive suggesting that it may instead seek to acquire Warburg Pincus's minority interest. Under his long stewardship, Next has delivered impressive returns for shareholders and transformed itself into Britain's clothing retailer.
It has struck joint ventures with companies including Victoria's Secret and Gap UK, while buying outright the baby products retailer JoJo Maman Bebe alongside hedge fund Davidson Kempner, and the fashion chain Joules.
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