Next (NXT)

Sector:

Retailers

Index:

FTSE 100

9,282.00p
   
  • Change Today:
      94.00p
  • 52 Week High: 9,296.00
  • 52 Week Low: 6,346.00
  • Currency: UK Pounds
  • Shares Issued: 127.13m
  • Volume: 34,699
  • Market Cap: £11,800m
  • RiskGrade: 153

Next teams up with founder to buy Joules for £34m

By Michele Maatouk

Date: Thursday 01 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Next confirmed on Thursday that it has partnered with Tom Joule to buy retailer Joules out of insolvency for £34m in cash.
The company also said it has bought the current Joules head office for £7m in cash.

Next plans to continue to operate a "significant" number of Joules stores - around 100 out of the current 124 - in the UK and Ireland, subject to agreeing terms with landlords. 19 stores will be closed by the administrator on Thursday.

The clothing and homeware retailer will own 74% of Joules, while the company's founder, Tom Joule, will own the rest.

Joules will retain its management autonomy and creative independence, Next said, while most of its staff will remain with the business and Joules will migrate onto the Next Total Platform over time.

Next chief executive Simon Wolfson said: "We are excited to see what can be achieved through the combination of Joules' exceptional product, marketing and brand building skills with Next's Total Platform infrastructure."

Tom Joule said: "I'm so pleased that we have been able to strike a deal that protects the future of the company for all its loyal customers, its employees and also for the town of Market Harborough, which have been so central to Joules' success."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Next Market Data

Currency UK Pounds
Share Price 9,282.00p
Change Today 94.00p
% Change 1.02 %
52 Week High 9,296.00
52 Week Low 6,346.00
Volume 34,699
Shares Issued 127.13m
Market Cap £11,800m
RiskGrade 153

Next Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.26% below the market average76.26% below the market average76.26% below the market average76.26% below the market average76.26% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Price Trend
89.60% above the market average89.60% above the market average89.60% above the market average89.60% above the market average89.60% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
19.7% below the market average19.7% below the market average19.7% below the market average19.7% below the market average19.7% below the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average
Growth
28.23% above the market average28.23% above the market average28.23% above the market average28.23% above the market average28.23% above the market average
65.00% above the sector average65.00% above the sector average65.00% above the sector average65.00% above the sector average65.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 4
Neutral 13
Sell 1
Strong Sell 1
Total 21
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Next Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Jul-24 07-Dec-23
Paid 01-Aug-24 03-Jan-24
Amount 141.00p 66.00p

Trades for 28-Mar-2024

Time Volume / Share Price
14:13 10 @ 9,282.00p
14:13 19 @ 9,282.00p
14:13 9 @ 9,284.00p
14:13 39 @ 9,284.00p
14:12 75 @ 9,285.00p

Next Key Personnel

CEO Wolfson Aspley Guise
Finance Director Amanda James
Chair Michael J Roney

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