Fashion chain Reiss is exploring a share sale
Family owned high street fashion chain Reiss, a favourite of the Duchess of Cambridge, is reportedly exploring a share sale which could value the company at as much as £325m.
The company's founder David Reiss is exploring bringing in outside investors for the first time since the company was founded in 1971.
According to a report by Sky News Reiss has appointed investment bank Morgan Stanley to look into its options and this could lead to the sale of a minority stake in the company.
Reiss' so-called "royal appeal" helped it swing to profit last year, with pre-tax profits coming in a £2.9m for 2014, compared to a loss of £4.7m a year earlier.