Next profit climbs to record high
High street clothing and homeware retailer Next has reported 5% growth in profit for the 12 months to the end of January 2024, to a record £918m. This is £3m…
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Next upgrades full-year profit forecast
Next has raised its profit guidance for the full year after a good performance over the Christmas period. Profit before tax for the 12 months to 27 January 2024 is…
Next acquires Cath Kidston out of administration
Next has acquired Cath Kidston in a strategic £8.5m deal, saving the brand from administration.Next will gain control over Cath Kidston’s brand name, domain names, and intellectual property.The cathkidston.com domain…
Next’s Strategic Acquisition of Cath Kidston from Administration
The British retail giant Next has successfully acquired Cath Kidston, a lifestyle brand known for its vintage-inspired floral designs. This strategic move marks yet another addition to Next's growing portfolio…
Next Christmas sales exceed expectations
Next has reported better than expected sales in the Christmas period after a "dramatic boost" from a change in the weather. In the nine weeks to 30 December 2022 the…
Next agrees rescue deal for Joules
Fashion and lifestyle products retailer Joules has been rescued from administration by high street retail giant Next and founder of the business Tom Joule. Under the £34m deal, Next will…
Made.com enters administration and sells brand to Next
Online furniture retailer Made.com has gone into administration, the company confirmed on Wednesday. Administrators at PricewaterhouseCoopers (PwC) said that 320 employees of the business had been made redundant so far, and 79…
Next in talks to make £15m investment in Joules
High street fashion retailer Next is in talks to acquire a minority stake in struggling fashion and lifestyle products chain Joules. The news comes after Joules appointed KPMG last month…
Next calls for ‘demand-led approach’ to staff shortages
Next has called on the UK government to act over the shortage of workers in many industries. The high street retailer said that some areas of its business were "beginning…
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