Next set to acquire FatFace fashion brand
Next is understood to be closing in on a deal to acquire the FatFace lifestyle fashion brand.
According to a report by Sky News, the deal could be worth more than £100 million and could be announced as early as this week. The move comes just three years after FatFace was taken over by its lenders.
Founded in 1988, the retailer operates around 180 UK stores.
Next has recently become quite prolific in acquiring smaller retail brands. Since the Covid-19 pandemic, it has snapped up JoJo Maman Bebe, Cath Kidston and online furniture retailer Made.com.
This summer, it also teamed up with the Reiss family to acquire Warburg Pincus’ 34% interest in the Reiss fashion brand to increase its holding from 51% to 72%.
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