Lipsy is owned by Next (the United Kingdom, LSE: NXT), which acquired the brand in 2008.[1][2] Lipsy was founded in 2000 in the United Kingdom and was independent until 2008.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Lipsy sells occasionwear and party dresses and was acquired by Next in 2008. It also designs collections sold under other retailers' names, so its clothes appear in shops that compete with its owner. Designing collections sold under other retailers' names is a substantial part of its business, so Next earns from clothes hanging in competitors' shops.
Next is a publicly listed company headquartered in Leicester, United Kingdom, founded in 1864. Brandtree records 7 brands under its control, and it is listed as LSE: NXT.
Next is one of the largest clothing retailers in Britain and has increasingly become a platform, selling hundreds of other brands through its website and running their operations for them. That Total Platform business now generates a substantial share of profit from competitors' sales.
Brandtree records a controlling owner for 552 brands that began in the United Kingdom.
291 of them (53%) are now controlled by a company headquartered in another country; Lipsy is not one of them.
NEXT acquired Lipsy, a younger women's fashion brand, in 2008. It was the first brand NEXT bought outright rather than built, and it later became the template for the Total Platform arrangements through which NEXT now runs other companies' retail operations. Only the year is recorded here.
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