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Ted Baker Enters License Agreement With Next Plc For Childrenswear Products
Next CEO: Brexit concerns not hitting consumer confidence
Ocado Says Next Buys Marie Claire Beauty Ltd From Ocado
NEXT plc is a United Kingdom-based retailer offering clothing, footwear, accessories and home products. The Company's segments include NEXT Retail, a chain of over 500 stores in the United Kingdom and Eire; NEXT Directory, an online and catalogue shopping business with over four million active customers and international Websites serving approximately 70 countries; NEXT International Retail, with approximately 200 mainly franchised stores; NEXT Sourcing, which designs and sources NEXT branded products; Lipsy, which designs and sells Lipsy branded younger women's fashion products, and Property Management, which holds properties and property leases which are sub-let to other segments and external parties. Lipsy also sells directly through its own stores and Website, to wholesale customers and to franchise partners. The Company's franchise partners operate approximately 180 stores in over 30 countries.
Michael James Roney
Chairman of the Board
Simon A. Wolfson
Chief Executive, Executive Director
Finance Director, Executive Director
Group Sales and Marketing Director, Executive Director
Group Merchandise and Operations Director, Executive Director
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Fashion retailer Ted Baker Plc <TED.L> said on Friday it had signed a new product licence agreement with Next Plc <NXT.L>, replacing Debenhams next year, to expand its collection of childrenswear.
Fashion retailer Ted Baker Plc said on Friday it had entered a new product license agreement with Next Plc, replacing Debenhams next year, to expand its collection of childrenswear.
The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:
Clothing chain Next Plc has bought premium beauty and wellbeing retailer Fabled by fashion and beauty magazine Marie Claire from Ocado Group for a small upfront payment, the online grocer said on Wednesday.
Clothing retailer Next raised its profit guidance after better-than-expected trading in late summer and said it was well prepared should Britain crash out of the EU without a deal, sending its shares higher.
European shares were supported in early trading on Tuesday by gains among commodity stocks, while British clothing retailer Next rallied after raising its profit guidance.
British clothing retailer Next reported a 0.5 percent rise in first-half profit and raised its guidance for the full year, saying it did not experience the loss of sales in August or early September it had previously expected.
Next got a boost from Britain's hot summer with a 2.8 percent rise in second-quarter sales but the fashion retailer does not see the warm glow lasting, sticking to forecasts that indicate little growth for the rest of the year.
Britain's top stocks index fell on Wednesday as mining and materials shares sold off on a slide in metals prices after the Trump administration threatened further tariffs on China.
British retailer Next reported a 2.8 percent rise in full-price sales in the second quarter, a better result than it had forecast following exceptionally warm weather that boosted demand for summer ranges.
* Next policy meeting due on Tuesday (Adds comment on inflation outlook)
* MICHAEL LAW, GROUP OPERATIONS DIRECTOR, WILL RETIRE FROM COMPANY IN JULY 2018 AND STEP DOWN FROM BOARD AT AGM ON 17 MAY 2018
British clothing retailer Next <NXT.L> is much more optimistic about its prospects than it was in January last year when it issued a profit warning, its boss said on Wednesday.
* Shares down 8 pct, rivals also lower (Adds detail, analyst comment, updates shares)
British clothing retailer Next <NXT.L> said it had managed to cushion the inflationary impact of a weak pound and nudged up its full-year sales and profit forecasts, sending its shares more than 10 percent higher on Thursday.
European shares inched up on Thursday as solid company earnings more than offset a weak energy sector and a slump in German industrial giant Siemens on delays to a planned unit listing.
British clothing retailer Next <NXT.L> lowered its full-year profit guidance on Thursday after cash-strapped shoppers stayed away from its stores in the first quarter, sending its shares down almost 7 percent.
British clothing retailer Next <NXT.L> reported its first drop in annual profit since 2009 and said it was "extremely cautious" about the year ahead but its battered shares rose on hopes its management has got to grips with its problems.
British clothing retailer Next <NXT.L> said its chairman John Barton will retire in August and be succeeded by Michael Roney.
Next <NXT.L> cut its profit forecast for the current financial year after a poor Christmas and warned of a further decline in 2017-18, sending shockwaves through Britain's clothing sector as the most successful performer of the last decade faltered.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.