NEXT Plans to Buy Fat Face in a Deal Worth £100 Million


NEXT, a fast fashion brand is on track to snap up another fashion franchise, FatFace, in a £100 million deal.

According to Sky News, these two fashion labels will close this deal in the coming week.

In this latest high street buy, if proceeds, it would submit 200 FatFace UK stores under the acquisition of NEXT. Moreover, the overtake of FatFace by lenders has expedited this acquisition.

In recent years, NEXT Clothing has expanded its franchise significantly by gobbling up big fashion houses. Recently, this British multinational brand has boosted its shares in Reiss by 72% after acquiring private equity firm Warburg Pincus shares.

Similarly, to name a few, it has acquired the ownerships of for £3.4m, Joules for £34m, and Cath Kidston for £8.5m.

Also, in 2022, NEXT co UK acquired a 44% stake in a UK company, JoJo Maman Bebe.

FatFace, a British lifestyle brand, ran under the ownership of Bridgepoint from 2007 through 2020. Afterward, a consortium of lenders, including Goldman Sachs and Lloyds Bank, took over this space for its crumbled financial status during the COVID-19 pandemic. Ultimately, that acquisition decreased its debt from £146.8m to £25.6m.

Fat Face
Image Source Ecotextile news
However, both parties have refused to comment on this transfer of power. But if this rumoured deal executes, it will bring an end to FatFace’s lender ownership era.
Maheen Fatima
Maheen Fatima
With years of writing exciting news articles, Maheen Fatima has developed a unique and distinctive approach that shines through in her work. Although she is an Ultrasound specialist by profession, her love for writing has dragged her into this diverse field. She is a professional news author using her writing instincts to carve out new possibilities in the field of News Writing. Her passion for creating formidable content has mesmerised the audience. Her versatile ideas from her brain’s neuro signals are effectively translated into potential words. That’s why she’s here to tell you what’s happening around you in an interesting way.

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