FatFace is owned by Next (the United Kingdom, LSE: NXT), which acquired the brand on 13 October 2023 for £112 million.[1][2] FatFace was founded in 1988 in the United Kingdom and was independent until 2023.
Next owns 97% of FatFace rather than all of it.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
FatFace was started by two ski bums selling sweatshirts to fund another season in the Alps, and its name comes from a run on Val d'Isère. Next acquired it in 2023 after the chain ran into difficulty. Next acquired it through a pre-pack administration, a structure that let the buyer take the brand and the viable shops while leaving unwanted liabilities behind.
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
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NEXT acquired 97% of FatFace on 13 October 2023 for total consideration of £111.6 million, made up of £57.6 million in cash, £53.4 million in NEXT shares and £0.6 million of loan notes. FatFace management reinvested for the remaining 3%, held through put and call options exercisable from 2027. NEXT moved the business onto its Total Platform infrastructure the following year.
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The parent company of FatFace is Next, a publicly listed company headquartered in the United Kingdom.
Yes. FatFace originated in the United Kingdom in 1988 and its owner, Next, is also headquartered in the United Kingdom.
Next completed its acquisition of FatFace on 13 October 2023. The deal was valued at £112 million (enterprise value).
FatFace was an independent company from its founding in 1988 until Next acquired it in 2023.
Yes. As of 16 September 2026, FatFace is still owned by Next (97% stake). The ownership record was last checked against primary sources on that date.
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
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