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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 9,294 GBX | +0.98% |
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+2.15% | +14.49% |
| May. 01 | European Midday Briefing : Fed Awaited With Likelihood Rates Held High For Longer | DJ |
| May. 01 | FTSE 100 shakes off New York slump before Fed | AN |
LONDON (Reuters) - British clothing retailer Next has agreed to acquire a 25% stake in upmarket smaller rival Reiss and has an option to take its holding to 51%, it said on Wednesday.
Next said it will pay 33 million pounds ($46 million) for the equity and also make a debt investment of 10 million pounds, financed from its cash resources.
The group has an option to acquire an additional 26% interest at pre-agreed terms. The option falls away after July 2022.
(Reporting by James Davey; Editing by Kate Holton)
| 1st Jan change | Capi. | |
|---|---|---|
| +14.49% | 14.03B | |
| +8.75% | 144B | |
| +16.38% | 80.12B | |
| -3.55% | 44.76B | |
| -16.68% | 43.89B | |
| -3.44% | 25.35B | |
| -2.10% | 12.16B | |
| +8.86% | 9.19B | |
| +4.76% | 7.88B | |
| +47.03% | 6.63B |
NEXT PLC 
