British retail giant Next has announced it will buy clothing brand Fatface for £115m.
The company said that Fatface will continue to be run by its own management and keep its “creative independence”.
Fatface has 180 UK shops and will retain its base in Hampshire.
Fatface has 180 UK shops and will retain its base in Hampshire.
In 2022, it also bought furniture brand Made.com.
Fatface was taken over by a consortium of lenders in 2020 when shops were struggling during the Covid pandemic and Next has sold its clothes online since 2016.
As well as taking over companies, Next has been buying stakes in other retailers such as JoJo Maman Bébé and Reiss to expand its e-commerce business. These firms pay Next to use its online logistics and operations.
Fatface chief executive Will Crumbie, who will continue to lead the company, said the deal marked “an important next step in Fatface’s journey”.
“Having worked together for some time as a commercial partner, Next has recognised the strong foundations, and importantly, future potential for Fatface,” he said.
British retail giant Next has announced it will buy clothing brand Fatface for £115m.
Fatface has 180 UK shops and will retain its base in Hampshire.
The company said that Fatface will continue to be run by its own management and keep its “creative independence”.
In 2022, it also bought furniture brand Made.com.
Fatface has 180 UK shops and will retain its base in Hampshire.
Fatface has 180 UK shops and will retain its base in Hampshire.
In 2022, it also bought furniture brand Made.com.
Fatface was taken over by a consortium of lenders in 2020 when shops were struggling during the Covid pandemic and Next has sold its clothes online since 2016.
As well as taking over companies, Next has been buying stakes in other retailers such as JoJo Maman Bébé and Reiss to expand its e-commerce business. These firms pay Next to use its online logistics and operations.
Fatface chief executive Will Crumbie, who will continue to lead the company, said the deal marked “an important next step in Fatface’s journey”.
“Having worked together for some time as a commercial partner, Next has recognised the strong foundations, and importantly, future potential for Fatface,” he said.
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