Next (LSE: NXT) is a publicly listed company headquartered in Leicester, United Kingdom that owns 4 consumer brands, and has 3 recorded transactions.[1]
Next is one of the largest clothing retailers in Britain and has increasingly become a platform, selling hundreds of other brands through its website and running their operations for them. That Total Platform business now generates a substantial share of profit from competitors' sales.
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.
NEXT bought a further 21% of Reiss in September 2023, taking its holding from 51% to 72% and, with changes to the shareholders' agreement, giving it control for the first time. NEXT had held 25% since 2021 and 51% since May 2022, but accounted for Reiss as a joint venture because key decisions needed every shareholder's agreement. Total consideration was £311.2 million, of which only £98.5 million was cash: most of the rest was the fair value of the stake NEXT already held. Remeasuring that stake produced an exceptional accounting gain of £108.6 million.
NEXT acquired Lipsy, a younger women's fashion brand, in 2008. It was the first brand NEXT bought outright rather than built, and it later became the template for the Total Platform arrangements through which NEXT now runs other companies' retail operations. Only the year is recorded here.
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Next owns 4 consumer brands tracked here, including Next, FatFace, Lipsy and Reiss.
Yes. Next is headquartered in Leicester, United Kingdom and was founded in 1864.
Next is a publicly listed company owned by its shareholders; it trades as NXT on the LSE.
The most recent completed acquisition recorded here is FatFace on 13 October 2023.
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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