Warburg Pincus LLC hired investment bank Rothschild to help conduct a review of strategic options for London-based high street fashion chain Reiss, including a possible sale, Sky News reported, citing market insiders.
The private equity firm, which acquired a substantial stake in the company in 2016, could opt to keep its interest in the business for a longer period, the unnamed sources said. However, if the firm chooses to exit the company, a sales process is likely to occur during the second quarter, they added.
Reiss is likely to generate interest from a range of strategic and financial bidders, retail analysts said. It was valued at roughly £230 million in its last sale in 2016 and any deal could add a substantial premium to that figure, the report noted.
Warburg Pincus and Rothschild did not comment on the matter, according to the report.