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UK retailer Next looking for acquisition opportunities - CEO

FILE PHOTO: A notice is pictured on the window of a Next store on Oxford Street as the spread of coronavirus disease (COVID-19) continues in London, Britain, April 15, 2020. REUTERS/John Sibley/File Photo

LONDON (Reuters) - British clothing retailer Next NXT.L is looking for small acquisition opportunities thrown up by the coronavirus pandemic, its boss said on Thursday.

“I don’t think you’ll see an enormous deal go through but we are looking for active opportunities...in particular certain platform type opportunities,” Chief Executive Simon Wolfson told Reuters.

In May, Next expanded its beauty business by taking on five former Debenhams beauty departments, while this month it agreed terms with Lbrands to set up a joint venture selling Victoria’s Secret and Pink products under licence in the UK and Ireland.

Reporting by James Davey; editing by Kate Holton

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