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Reiss posted a rise in sales over the festive period boosted by new stores and strong online sales, while Hobbs benefited from the allegiance of a host of well-known faces, not least the Duchess of Cambridge, who was seen in a Hobbs coat on Christmas Day. The pairs strong out-turn followed a 2.3pc increase in like-for-like clothing and homeware sales at M&S over the key trading period, while rival Debenhams saw a 3.5pc uptick in seasonal like-for-likes. Reiss recorded a 19.7pc lift in sales over the six weeks to January more 7, which it claimed was driven by UK like-for-like growth. The brand sold a majority stake to private equity firm Warburg Pincus last April in a deal that valued the business at 230m. Until last year the business was controlled by David Reiss, who founded it in 1971, when he took over his fathers gentlemans outfitters. Reiss performed strongly in the Christmas period benefiting from our excellent product offering and international expansion driving the business, said Mr Reiss. Meanwhile, rival Hobbs posted a 14.3pc sales rise over the 13 weeks to New Years Eve. The 3i-owned retailers standalone stores recorded 3.9pc like-for-like sales growth, although it was largely boosted by strong international growth and online sales jumping by more than a quarter. In the three weeks before Christmas total sales climbed by 27.2pc as shoppers flocked to buy novelty loungewear items for gifts. Hobbs is rumoured to have been put up for sale by its private equity owner 3i after more than a decade of ownership, but tough trading caused it to shelve the process.
For the original version including any supplementary images or video, visit http://www.telegraph.co.uk/business/2017/01/15/duchess-cambridges-fashion-favourites-among-festive-performers/