The sale of British fashion luxury brand Reiss has been delayed, due to uncertainty in the industry due to the coronavirus.

New York investment firm Warburg Pincus has postponed an auction of Reiss, according to the Telegraph newspaper, as the investor closes its own offices in response to the virus.

PitchBook, a financial data and software company that provides data on the private and public markets, said that Warburg Pincus originally acquired a majority stake in Reiss in a 2016 deal that valued the business at £230 million (about $282 million at today's conversion rate).

Reiss, which makes clothing and accessories for men and women, has online sales, offline stores, concession partners and franchised operations across several countries.

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