Next news and archive

Next reportedly mulling LK Bennett rescue bid

British retail giant Next is said to be among the parties eyeing a rescue bid for ailing fashion brand LK Bennett. According to sources for Sky News, Next is reportedly mulling a “cut-price offer” for LK Bennett and other intellectual property assets as the brand readies itself for administrator intervention. LK Bennett’s small estate of retail...

Member

Business

Next said to be among suitors for Russell & Bromley takeover

British retailer Next is reportedly among a string of suitors eyeing an acquisition of Russell & Bromley. The family-owned footwear business announced in October that it was seeking external financing as part of the next phase of its ReBoot turnaround plan. Next is said to be among the interested parties, according to sources for Sky News, with...

Member

Business

Next sells plot of land for 54.1 million pounds

British retail giant Next has sold a plot of land in Essex generating the company net cash proceeds after costs of 54.1 million pounds. In a regulatory filing, Next said the transaction also brings in an exceptional profit – meaning the deal does not form a part of its normal business – of 16.3 million pounds. The plot of land, located near...

Featured

Retail

Global brands intensify focus on India’s fast-expanding consumer base

Global fashion and luxury brands are increasingly shifting their focus to India as growth in mature markets stagnates, according to a report by The Economic Times. The attraction is grounded in India’s large population of aspirational, younger consumers with rising incomes — a demographic that is reshaping spending patterns and brand strategies....

Retail

Gap to return to UK retail, plots three new standalone stores

Gap is set to return to brick-and-mortar retail in the UK with the opening of three new standalone stores. According to Drapers, the brand, which had shuttered its UK and Ireland stores back in 2021, has plotted new locations across London in a bid to grow and elevate its store footprint in the region. Its new sites are located in Westfield...

Retail

Laura Ashley to open first UK store under new owners

British fashion and home heritage brand Laura Ashley is set to open its first standalone store in more than five years at the Lakeside Retail Park in Essex on September 26. The opening marks the first bricks-and-mortar UK store under new owners Marquee Brands, the New York-based brand accelerator and owner of 17 brands, including Ben Sherman,...

Member

Business

FatFace expands into Germany via Zalando

FatFace has entered the German market through a new partnership with e-commerce platform Zalando. The launch reflects the British brand’s ongoing strategy to build up its international multichannel offering. FatFace’s womenswear and menswear collections will now be available to shop on Zalando’s German site, alongside its premium womenswear...

Retail

Next opens first India store in Pune, with Myntra partnership

The British fashion and lifestyle retailer Next has opened its first store in India at The Pavilion Mall in Pune. This launch marks the beginning of its partnership with the e-commerce company Myntra. The strategy involves opening flagship stores while simultaneously strengthening Next's presence on Myntra's digital platform. In a statement...

FeaturedMember

Business

Next rescues Seraphine from administration, upgrades full year profit guidance

Next is continuing its acquisition spree. The British retail giant has bought maternity brand Seraphine out of administration and, as a result, 95 employees have been made redundant. The deal, valued at 600,000 pounds, includes certain assets of the Seraphine business, including the brand and intellectual property. Next said it intends to “...

Member

Business

Next and Frasers said to be in running for Seraphine rescue deal

Following Seraphine’s descent into administration last week, speculation over potential saviours are beginning to swirl. Among them, British retail giants Next and Frasers Group are said to be frontrunners in potential deals to rescue the maternity wear brand. According to sources for Drapers, dubbed “several industry veterans”, the two firms...

Retail

Next opens first store with FatFace concession

Next is doubling down on its “one-stop shop” concept with the opening of a new flagship store housing its first-ever FatFace concession. Located at Lakeside Shopping Centre, the 83,000 square foot store offers all key departments, from womenswear to home, as well as dedicated spaces for Bath & Body works and Costa Coffee. Its additional...

Member

Business

Discarded clothes from British brands found in Ghana’s protected wetlands

Discarded garments from the likes of Next, George at Asda, Primark, H&M, Zara and Marks & Spencer have been uncovered in new dumps in the protected wetlands of Ghana, an hour outside the region’s capital city, Accra. According to an investigation by Unearthed and Greenpeace Africa, synthetic fast fashion from the UK and Europe was found in two...