October 14, 2018 / 9:55 AM / a month ago

No deal Brexit would not be a disaster, says boss of UK's Next

A worker dresses a mannequin in a shop window display at a branch of clothing retailer Next in London's West End, September 30, 2014. British retailer Next warned on Tuesday it will have to lower profit forecasts if unusually warm autumn weather continues and shoppers don't buy winter clothing, denting shares across the sector. Shares in Next, Britain's second biggest clothing retailer by sales, fell as much as 5.6 percent. REUTERS/Andrew Winning (BRITAIN - Tags: BUSINESS)

LONDON (Reuters) - A so-called no deal Brexit would not be a disaster for Britain, but it is not the preferred result of talks to leave the European Union for British clothing chain Next (NXT.L), its chief executive, Simon Wolfson, said on Sunday.

In an interview with the BBC’s Andrew Marr show, Wolfson also urged Britain to properly prepare for the country leaving without a deal, saying only with those kind of preparations could the government win a good deal with the EU.

Reporting by Elizabeth Piper; Editing by Mark Potter

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