David reiss fl update#

Previously, he was an associate in the New York office of Paul, Weiss, Rifkind, Wharton & Garrison in its Real Estate Department and an associate at Morrison & Foerster in San Francisco in its Land Use and Environmental Law Group. He was most recently a Visiting Clinical Associate Professor at the Seton Hall Law School Center for Social Justice. He may come in useful if David Reiss decides to sell or float the chain.Brooklyn Law School Professor David Reiss concentrates his study and practice in real estate issues and community development. His youngest daughter works in the brand department at Reiss in the US, and his son is adirector at HSBC. Perhaps because of his hectic lifestyle, he is not massively into reading books, but likes to read a wide variety of magazines, such as GQ, Management Today and Forbes.

I have always been interested in sport,' says Mr Reiss, although he admits his golf is nothing to shout about.

'Supporting Arsenal is a big release for me. However, he is honest enough to confess watching arch-rival Manchester United's game last Monday with Portsmouth onSky Sports, and other teams. Mr Reiss is amember of Arsenal's exclusive Diamond Club, where the Michelin-starred chef Raymond Blanc, cooks at the Emirates Stadium's restaurant. He is a dyed-in-the wool Arsenal supporter, plays tennis and golf, and runs five miles around Hampstead twice a week. It is the excitement of pushing the brand forward,' he says.ДЄfter his family and the eponymous business, David Reiss's other great passion is sport. 'The one thing about retail is that businesses can go up and down in a very short space of time. While he is at an age when most people are picking up their pension, Mr Reiss shows no immediate signs of losing the retail bug. Mr Reiss typically eats out three nights a week, but often in the evening he spends time talking to Reiss's retail operations director in the US, which may involve calls at 11pm. Mr Reiss says: 'Asos has put down some very big orders for spring/summer and we get approached all the time from people who want to do tie-ups with us.' Reiss only started selling womenswear in 2000, but it now accounts for 70 per cent of sales.ДЄround 6.30pm, he starts to wind down and has his final meeting with the finance director. For instance, Reiss has signed a contract with the online fashion specialist Asos to sell its clothes on the site. In the year to 31 January 2007, Reiss made an operating profit of ВЈ9.1m, and is on track to hit sales of ВЈ100m this current financial year.ДЄt present, there is a lot of activity around reappraising quantities and orders for the spring and summer collection next year, which includes contracts with other retailers. This is followed by a chat with the head of retail operations about how the day's sales are going. Mr Reiss meets his finance director to discuss figures and 'plans for the future', although he doesn't elaborate. 'I have always been very hands-on with key departments and the hub of the business,' he says. However, Mr Reiss is keen to stress that he spends a lot of time walking around the office speaking to different departments. An hour later, he hooks up with the merchandise director to discuss next season's fashion collection. Mr Reiss has a meeting with the new brand director, Andy Rogers, who was previously the designer Stella McCartney's right-hand man. 'We are a very sexy business with enormous growth potential,' says Mr Reiss. Last year, Reiss was approached by a multibillion dollar company that wanted to open 200 Reiss stores in the US. Mr Reiss has had approaches about selling the business but says now is not the time, just two years into a five-year plan to have 250 stores globally.

David reiss fl update#

Meetings begin, first with the head of menswear and womenswear, 'getting an update on how the collection is going and going through any day-to-day issues.' Reiss lines are also sold in the department stores Selfridges, Harvey Nichols and John Lewis.