M&A Deal Summary

NEXT Acquires Joules Group

On December 1, 2022, NEXT acquired apparel/textiles company Joules Group for 34M GBP

Acquisition Highlights
  • This is NEXT’s 1st transaction in the Apparel/Textiles sector.
  • This is NEXT’s 3rd largest (disclosed) transaction.
  • This is NEXT’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2022-12-01
Target Joules Group
Sector Apparel/Textiles
Buyer(s) NEXT
Deal Type Special Situations/Distressed
Deal Value 34M GBP

Target

Joules Group

Market Harborough , United Kingdom
Joules Group is a lifestyle brand that is renowned for its distinctive designs and prints, product range and authentic country heritage. The business offers a broad range of womenswear, menswear, children & babywear, homeware and accessories. Joules Group was founded in 1980 and is based in Market Harborough, United Kingdom.

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Buyer(S) 1

Buyer

NEXT

Enderby, United Kingdom
Category Company
Founded 1864
Sector Apparel/Textiles
Employees31,947
Revenue 5.5B GBP (2024)
DESCRIPTION

NEXT is a retailer offering exciting, beautifully designed, excellent quality fashion and accessories for men, women and children together with a full range of homewares. NEXT clothes are styled by its in-house design team to offer great style, quality and value for money with a contemporary fashion edge. Today NEXT trades from more than 500 stores in the UK and Eire and around 200 stores in 40 countries overseas. NEXT was founded in 1864 and is based in Enderby, the United Kingdom.

DEAL STATS #
Overall 2 of 4
Sector (Apparel/Textiles) 1 of 2
Type (Special Situations/Distressed) 2 of 2
Country (United Kingdom) 2 of 4
Year (2022) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Made.com

London, United Kingdom

Made.com is an online design brand that offers high-quality furniture. Made.com is bringing consumers a new way to buy furniture, cutting out the middlemen, and hence saving up to 70% off high street prices. Made.com aims to disrupt high-end furniture stores by controlling each element of its supply chain from manufacturing to the e-commerce platform. Made.com was founded in 2010 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 Reiss

Leicester, United Kingdom

Reiss is a global luxury apparel brand, producing and selling high-quality, classic and contemporary men’s and women’s clothing and accessories. The company currently operates from over 160 locations in 15 countries through a network of owned stores, concession partners, and franchised operations, whilst also growing strongly through its own and partner online platforms. Reiss was founded in 1971 and is based in Leicester, United Kingdom.

Buy £128M
Mergr

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