Announcement • Apr 16
NEXT Reportedly Eyes Acquisition of Radley NEXT plc (LSE:NXT) is reportedly eyeing a takeover of British handbag brand Radley (Radley + Co. Limited), just months after its acquisition of footwear brand Russell & Bromley as part of an insolvency process. The British high street retailer is said to be in discussions with advisers to Radley’s owner, the private equity firm Freshstream, about a potential deal to acquire the brand and intellectual property assets. This could mark the latest strategic acquisition for NEXT, following a spree of other high-street name acquisitions, such as FatFace, Joules, Cath Kidston and Seraphine, where the focus is often on brand and intellectual property rather than physical stores. The retailer is not the only one in the race to secure Radley, as it is also reportedly in talks with the US-based Gordon Brothers, which also purchased the value retailer Poundland in 2025 and is the former owner of Laura Ashley. Industry sources have told Sky News that a deal will likely be executed through a pre-pack administration package, although the sales process for Radley is far from complete. It was announced in March that Radley was the subject of a strategic review. The news follows a challenging period for the brand, which has been undergoing a transformation strategy under its CEO Nick Vance for the last three years. Radley had set out its plan to transform itself into "a modern British icon of accessible luxury" following the publication of its financial results for 2024. Announcement • Mar 26
NEXT plc, Annual General Meeting, May 21, 2026 NEXT plc, Annual General Meeting, May 21, 2026. Location: leicester marriott hotel, smith way, grove park, leicester le19 1sw, United Kingdom Announcement • Jan 09
Next plc Announces Board Changes Next PLC announced the following changes to its Board: Jane Shields, Group Sales, Marketing and HR Director, is planning to retire from the Company in May 2026. Jane will step down from the Board with effect from May 21, 2026. Jane joined as sales assistant in 1985, was promoted to Sales Director in 1999, Group Sales & Marketing Director in 2010 and, in that capacity, was appointed to the Board in 2013. Matt Barnes will be promoted to the role of Group Sales and Marketing Director and will take on most of Jane's operational remit: E-Commerce, Brand Marketing, Retail Stores and Online Customer Services. Matt joined NEXT in 1999 and is currently Online Customer Service Director. Matt will not be joining the Board at this stage. Jonathan Bewes, Senior Independent Director and Chairman of the Audit Committee, will retire from the Board following the AGM on May 21, 2026 having served as a Board member for nine years. Annette Court and Jeni Mundy will be appointed as independent non-executive directors with effect from March 1, 2026 and April 1, 2026 respectively. Both will become members of the Nomination, Audit and Remuneration committees. Annette Court will be appointed as Senior Independent Director from May 21, 2026. Soumen Das to be appointed as Audit Committee Chair from May 21, 2026. Annette is an experienced FTSE100 and FTSE250 chair and non-executive director. She has been chair of WH Smith plc since 2022 and Senior Independent Director of Sage Group plc since 2024, having joined the board in 2019. Annette was chair of Admiral Group plc until 2023. In her executive career, Annette was previously the CEO of Europe General Insurance for Zurich Financial Services from 2007 to 2010 and the CEO of Direct Line Group (formerly RBS Insurance) from 2001 to 2006. Jeni is a highly experienced technology executive who brings strong expertise in digital, innovation, IT and commercial acumen to the NEXT Board. She was non-executive director and chair of the corporate responsibility committee at Auto Trader plc from 2016 to 2025. In her executive career, Jeni held senior corporate roles at Visa Inc. from 2018 to 2025 and Vodafone plc from 1994 to 2017. Announcement • Jan 07
NEXT plc to Report Fiscal Year 2027 Results on Mar 24, 2027 NEXT plc announced that they will report fiscal year 2027 results on Mar 24, 2027 Announcement • Sep 21
NEXT plc to Report First Half, 2027 Results on Sep 17, 2026 NEXT plc announced that they will report first half, 2027 results on Sep 17, 2026 Announcement • Sep 18
NEXT plc Declares Interim Ordinary Dividend for the Year to January 2026, Payable on 5 January 2026 NEXT plc announced that for the year to January 2026, declaring an interim ordinary dividend of 87 pence per share to be paid on 5 January 2026, a total value of around £99 million. Shares will trade ex-dividend from 4 December 2025 and the record date will be 5 December 2025. Announcement • Aug 14
NEXT plc (LSE:NXT) commences an Equity Buyback Plan for 18,467,000 shares, representing 14.99% of its issued share capital, under the authorization approved on May 15, 2025. NEXT plc (LSE:NXT) commences share repurchases on August 11, 2025, under the program mandated by the shareholders in the Annual General Meeting held on May 15, 2025. As per the mandate, the company is authorized to repurchase up to 18,467,000 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for each ordinary share will not be less than £0.1 the nominal value of each ordinary share and the maximum price which may be paid for each ordinary share will not be more than 105% above the average middle market quotations for the ordinary shares taken from the daily official list of the London Stock Exchange for the five business days immediately before the date of purchase and higher of the price of the last independent trade of an ordinary share of the company and the highest current independent bid for an ordinary share of the company as derived from the London Stock Exchange trading system. The repurchased shares will be cancelled. This program will expire at the conclusion of the next Annual General Meeting of 2026 or on August 15, 2026, whichever is earlier. As of March 25, 2025, the company had 123,198,344 shares in issue and had no shares in treasury. Announcement • Aug 11
NEXT plc to Report Fiscal Year 2026 Results on Mar 26, 2026 NEXT plc announced that they will report fiscal year 2026 results on Mar 26, 2026 Announcement • Jul 31
NEXT plc Revises Earnings Guidance for the Full Year 2025/2026 NEXT plc revised earnings guidance for the full year 2025/2026. For the year, the company expects Total Group sales of £6.72 billion against previous guidance of £6.63 billion. Announcement • May 16
NEXT plc Declares Final Dividend for the Year 2024 NEXT plc announced that at its AGM held on May 15, 2025, shareholders declared final dividend of 158 pence per ordinary share for the year 2024. Announcement • May 09
NEXT plc Provides Sales Guidance for the Second Quarter, First Half, Second Half and Earnings Guidance for the Full Year 2025 NEXT plc provided sales guidance for the second quarter, first half, second half and earnings guidance for the full year 2025. For the second quarter, the company's price sales to up by +6.5%.
First half, the company's price sales to up by +8.8%.
For the second half, the company's price sales to up by +3.5%.
For the full year, the company's price sales to up by +6%. Full price sales to be £5.4 billion, total group sales to be £6.6 billion, profit before tax to be £1,080 million and post-tax EPS to be 698.1 pence. Announcement • Mar 28
NEXT plc Revises Group Earnings Guidance for the Full Year 2024-2025 NEXT plc revised group earnings guidance for the full year 2024-2025. For the year, the company expects full price sales of £5.3 billion against £5.2 billion in previous guidance and total Group sales (inc. markdown, subsidiaries and investments) of £6.6 billion against £6.5 billion in previous guidance. The company expects NEXT Group profit before tax of £1,066 million against £1,046 million in previous guidance. The company expects Pre-tax EPS of 919.6 pence and Post-tax EPS of 690.7 pence against Pre-tax EPS of 900.2 pence and Post-tax EPS of 676.0 pence in previous guidance. Announcement • Mar 27
NEXT plc Proposes Final Ordinary Dividend for the Year Ended 25 January 2025, Payable on 1 August 2025 The Board of NEXT plc has proposed a final ordinary dividend of 158 pence, to be paid on 1 August 2025 for the year ended 25 January 2025, taking the ordinary dividend for the year to 233 pence. This is subject to approval by shareholders at the Annual General Meeting to be held on 15 May 2025. Shares will trade ex-dividend from 3 July 2025 and the record date will be 4 July 2025. Announcement • Oct 30
NEXT plc Revises Group Earnings Guidance for the Full Year 2024-2025 NEXT plc revised group earnings guidance for the full year 2024-2025. For the year, the company expects full price sales of £5.02 billion against £4.9 billion in previous guidance and total Group sales (inc. markdown, subsidiaries and investments) of £6.27 billion against £6.23 billion in previous guidance. The company expects NEXT Group profit before tax of £1,005 million against £995 million in previous guidance. The company expects Pre-tax EPS of 839.3 pence and Post-tax EPS of 632.4 pence against Pre-tax EPS of 830.4 pence and Post-tax EPS of 625.7 pence in previous guidance. Announcement • Sep 19
NEXT plc Declares Interim Ordinary Dividend for the Year to January 2025, Payable on 3 January 2025 NEXT plc announced for the year to January 2025 declaration of an interim ordinary dividend of 75 pence per share to be paid on 3 January 2025, a total value of around £90 million. Shares will trade ex-dividend from 5 December 2024 and the record date will be 6 December 2024. Announcement • Aug 02
NEXT plc Provides Earnings Guidance for the Full Year 2024-2025 NEXT plc provided earnings guidance for the full year 2024-2025. For the year, the company expects Full price sales of £4.9 billion and Total Group sales inc. markdown, subsidiaries and investments of £6.2 billion. Announcement • May 18
NEXT plc Approves Final Dividend NEXT plc at its AGM held on May 16, 2024, the shareholders approved to declare a final dividend of 141 pence per share ordinary share. Announcement • May 17
Dame Dianne Thompson Steps-Down as Non-Executive Director of NEXT plc, Effective May 16, 2024 NEXT plc announced that as announced previously, Dame Dianne Thompson has stepped down as a non-executive director of the company with effect from the end of its 2024 AGM on 16 May 2024. Announcement • Mar 23
NEXT plc Proposes Final Ordinary Dividend for the Year Ended January 27, 2024, Payable on 1 August 2024 The Board of NEXT plc has proposed a final ordinary dividend of 141 pence for the year ended January 27, 2024, to be paid on 1 August 2024, taking the total ordinary dividends for the year to 207 pence. This is subject to approval by shareholders at the Annual General Meeting to be held on 16 May 2024. Shares will trade ex-dividend from 4 July 2024 and the record date will be 5 July 2024. Announcement • Jan 23
NEXT plc Appoints Venetia Butterfield as Independent Non-Executive Director and Member of Nomination, Audit and Remuneration Committees, Effective 2 April 2024 NEXT plc announced that Venetia Butterfield will be joining the company as an independent non-executive director with effect from 2 April 2024. Venetia is Managing Director of Cornerstone, the large adult division of Penguin Random House. Previously, Venetia was Publisher of Penguin General and managed the Viking, Penguin Business and Penguin Life imprints. Venetia brings to the Board her experience as an accomplished business leader and experienced marketing professional. Venetia's successful leadership of an independent business within a larger conglomerate will be particularly helpful as NEXT steadily increases the number of businesses it takes on within the Group through its Total Platform initiatives. Venetia is on the Board of Governors of the Southbank Centre and was also Vice Chair of Governors for West London Free School Primary and Earl's Court Free School. Upon appointment, Venetia will become a member of the Nomination, Audit and Remuneration Committees. Announcement • Jan 18
NEXT plc Appoints Amy Stirling as Independent Non-Executive Director, Member of the Nomination, Audit and Remuneration Committees NEXT plc announced that Amy Stirling will be joining NEXT as an independent non-executive director with effect from 2 April 2024. Amy is Chief Financial Officer of Hargreaves Lansdown plc, a financial services company and a constituent of the FTSE 250. Amy has significant financial and strategic leadership experience in client facing businesses across the telecommunications and financial services sectors. She has considerable transformation and M&A experience at both executive and non-executive level and is a qualified chartered accountant. Amy was previously Chief Financial Officer of the Virgin Group and other previous appointments include non-executive director and chair of the Audit Committee at Pets at Home Group plc, director at RIT Capital Partners plc, Chief Financial Officer of The Princes Trust and Chief Financial Officer at TalkTalk Telecom Group Plc. Upon appointment, Amy will become a member of the Nomination, Audit and Remuneration Committees. Announcement • Nov 01
Next plc Revises Earnings Guidance for the Year 2023 NEXT plc revised earnings guidance for the year 2023. For the year, the company expects Full price sales of $£4.74 billion compared to the previous guidance of £4.72 billion provided earlier, Post-tax EPS (before exceptionals) of 557.7 pence compared to the previous guidance of 552.9 pence provided earlier. Announcement • Oct 14
NEXT plc (LSE:NXT) and management of fatface signed terms to acquire FatFace Limited from a consortium of Financial Institutions for £115.2 million. NEXT plc (LSE:NXT) and management of fatface signed terms to acquire FatFace Limited from a consortium of Financial Institutions for £115.2 million on October 13, 2023. The Consideration will be settled partly in cash and partly by the issue of new NEXT shares and management equity rolling over into the new structure. The transaction will not materially impact the NEXT Group's underlying profit before tax or EPS in the current year. Upon completion of this transaction, which is expected to take place within the next few weeks, NEXT will hold 97% of the equity and FatFace's management will hold 3% in the business. Will Crumbie will continue to lead the business. FatFace and the Sellers were advised by Rothschild & Co as financial adviser and Addleshaw Goddard as legal adviser. NEXT was advised by EY and Eversheds Sutherland. Announcement • Oct 13
NEXT Reportedly Considers Purchase of FatFace NEXT plc (LSE:NXT) is close to acquiring FatFace Group Limited for over GBP 100 million (USD 122.9 million/EUR 115.9 million), Sky News reported on October 11, 2023. According to Sky News' sources, the takeover could be disclosed by the end of the week. FatFace operates over 200 stores across the UK and Ireland, according to its website. The potential deal will be the latest for Next, which in September agreed to lift its stake in its peer Reiss Group to 72% from 51% previously. The deal was in partnership with the Reiss family to take over the stake held by US buyoutfirm Warburg Pincus. Announcement • Oct 05
Next plc Announces Chief Financial Officer Changes NEXT plc announces that after 28 years of outstanding service, Amanda James, NEXT's Chief Financial Officer, has decided to retire from full time work, and will step down from the Board with effect from 26 July 2024. Amanda is planning to leave the Group on 26 September 2024 following our Interim results. Amanda has been planning this change for some time and it coincides with her husband's retirement. Amanda has made a huge contribution to the Group in her 28 years with NEXT andhas been an exceptional guardian of our finances. Our financial position today is testament to her diligence and hard work. The Board is extremely grateful to Amanda for her excellent service to the Group. We are pleased to announce that Amanda's successor will be Jonathan Blanchard, currently CFO at Reiss. Jonathan will join NEXT in February 2024 and take over as CFO in July 2024 and also join the Board of Next plc at that time. Jonathan is currently the CFO and Chief Operating Officer of the Reiss Group, having joined the Company as a Board Director in 2017. Jonathan qualified as a Certified Chartered Accountant in 1994 and has over thirty years of experience in finance. The last twenty five years of his career have been at Board level in private equity backed businesses, all of which were in the retail/consumer sectors. Jonathan has a wealth of experience implementing rigorous financial and capital controls; he has also managed several successful private equity transactions. Jonathan played a critical role at Reiss, not least negotiating and implementing the transition to Total Platform. We have worked closely with Jonathan for over three years and believe that his skills are well suited to NEXT's financial disciplines and its culture. Announcement • Sep 21
NEXT plc Declares Interim Ordinary Dividend for the Year to January 2024, Payable on 3 January 2024 NEXT plc announced that for the year to January 2024 are declaring an interim ordinary dividend of 66 pence to be paid on 3 January 2024, a total value of around £80 million. Shares will trade ex-dividend from 7 December 2023 and the record date will be 8 December 2023. Announcement • Sep 03
NEXT plc and Reiss family entered into a binding agreement to acquire 34% stake in Reiss (Holdings) Ltd from Warburg Pincus LLC for approximately £128 million. NEXT plc and Reiss family entered into a binding agreement to acquire 34% stake in Reiss (Holdings) Ltd from Warburg Pincus LLC for approximately £128 million on August 21, 2023. Post completion of this transaction NEXT plc increase its stake from 51% to 72, Reiss family stake will increase to 22% and remaining 6% stake held by Reiss management team. Christos Angelides will continue in his role as CEO of Reiss. Reiss will continue to retain its own Board of Directors, Reiss management will retain autonomy and creative independence and the business will continue to be headquartered in London. Reiss's websites and online operations, both in the UK and overseas, remain contracted to NEXT through NEXT's Total Platform which went live in February 2022 and which has served as a launch pad for Reiss's growth both in the UK, and overseas. Following completion of this transaction, Reiss’s results will be consolidated into the NEXT plc accounts. The transaction is subject to customary conditions including regulatory approvals. The transaction is expected to take place in mid of October 2023. Raymond James Financial, Inc. (NYSE:RJF) acted as financial advisor to Reiss (Holdings) Ltd, Kirkland & Ellis LLP acted as legal advisor to Warburg Pincus LLC, Slaughter and May acted as legal advisor to NEXT plc, NME Law acted as legal advisor to Reiss family and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to Reiss management team. Announcement • Jun 06
NEXT plc (LSE:NXT) commences an Equity Buyback Plan for 19,297,000 shares, representing 14.99% of its issued share capital, under the authorization approved on May 18, 2023. NEXT plc (LSE:NXT) commences share repurchases on June 5, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 18, 2023. As per the mandate, the company is authorized to repurchase up to 19,297,000 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for each ordinary share will not be less than £0.1 the nominal value of each ordinary share and the maximum price which may be paid for each ordinary share will not be more than 105% above the average middle market quotations for the ordinary shares taken from the daily official list of the London Stock Exchange for the five business days immediately before the date of purchase and higher of the price of the last independent trade of an ordinary share of the company and the highest current independent bid for an ordinary share of the company as derived from the London Stock Exchange trading system. The repurchased shares will be cancelled. This program will expire at the conclusion of the next Annual General Meeting of 2024 or on August 18, 2024, whichever is earlier. As of January 28, 2023, the company had 129,263,359 shares in issue. Announcement • May 19
NEXT plc Approves Dividend NEXT plc announced at annual general meeting held on May 16, 2023, the shareholders approved to declare a dividend of 140 pence per ordinary share. Announcement • May 05
NEXT plc Provides Earnings Guidance for the Year 2033 NEXT plc provided earnings guidance for the year 2033. For the year, the company expects Earnings Per Share (EPS) to be 501.9 pence.