The deal, aimed at stepping up expansion in North America, Asia and Australia, valued Reiss at £230 million.
Reiss said it would open 26 new international stores and concessions in 2016, along with 6 additional UK branches.
It decided however to leave Russia due to the volatility of the market. It set aside £1.45 to cover the costs of shutting its two stores there.
The performance represents a revival of fortunes compared to three years ago, when it fell into the red after investing heavily in its online operations and international roll-out.
It subsequently restructured, streamlining its management. Reiss said that process was now complete.
“The objectives of the three year strategic plan put in place in 2013 have been achieved with significantly improved profitability and the foundations for Reiss to develop internationally to extend its range of products on offer in the core UK portfolio and online,” it said.
“A new three year plan is being put in place to allow Reiss to realise its full potential as a global brand.”
