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Reiss executive Christos Angelides announced a collaboration with men's sportswear brand Castore, which backed by British tennis great Andy Murray (pictured).
Marks & Spencer: M&S is to announce six new guest brands, the Daily Mail reports. Men’s and women's wear brands Celtic & Co, Albaray and Fat
The British multinational retailer reports £3.28 billion of revenue. Next's dividend and share repurchase programme remains suspended. Next plc (LON: NXT) said on Thursday that its pre-tax profit posted a significant decline in fiscal 2021 due to the ongoing Coronavirus pandemic that pushed its stores into temporarily shutting down. The company, however, expressed confidence that performance will recover considerably in fiscal 2022. Next plc jumped more than 2% in premarket trading on Thursday. Including the price action, the stock is now exchanging hands at £81 per share. In comparison, th...
British fashion retailer Next said it will retain stores as long as landlords continue to be pragmatic on the rents they charge. The fashion chain said profits for the last year were slashed by more than half after its stores were shut for large parts of it. However, the group also raised its profit forecast for the current year, as it hailed soaring online sales in the past eight weeks. âAs they have been so far, if landlords continue to be as pragmatic in determining rents going forward then that will allow shops to stay open,â chief executive Simon Wolfson said.
Next’s Lord Wolfson: ‘We don’t want to be a retail conglomerate’ Next CEO Lord Wolfson has likened the retailer to a venture capitalist, as it snapped up a minority stake in Reiss and builds on its Total Platform marketplace. Earlier this month, Next revealed that it will acquire a 25% equity stake in Reiss, valued at around £200m, as part of a new, long-term, strategic partnership. Reiss will transition its online platform, warehouse, distribution and logistics to the Next "Total Platform", the retailer's digital platform, which hosts third-party brands and launched in 2020. Next ...