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Next to Acquire 25% Stake in Fashion Rival

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

British fashion retailer Next plc is set to take a 25 percent stake in retail rival Reiss Ltd. for an undisclosed amount. Next will acquire shares from existing shareholders, it said on Monday. Reiss and its digital presence have performed well throughout the coronavirus pandemic, and sources said private equity firm Warburg Pincus has been…

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