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Evening Standard
Evening Standard
Business
Jonathan Prynn

Retail titans are going on a canny shopping spree

Simon Wolfson Mike Ashley Next Boohoo Frasers Reiss

Some fascinating rustling in the retail undergrowth this week. While Mike Ashley’s Frasers continues to build its stake in online fast fashion retailer Boohoo — now above 10% — Next has also been doing some shopping.

This morning Lord Wolfson’s people snapped up a 34% stake in the respected Reiss fashion brand for £128 million from investor Warburg Pincus. That lifts Next’s holding to 72%.

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