Acquisition closed
Next acquires FatFace (2023)
Next completed the acquisition of FatFace on 13 October 2023 for £111.6 million.[1]
NEXT acquired 97% of FatFace on 13 October 2023 for total consideration of £111.6 million, made up of £57.6 million in cash, £53.4 million in NEXT shares and £0.6 million of loan notes. FatFace management reinvested for the remaining 3%, held through put and call options exercisable from 2027. NEXT moved the business onto its Total Platform infrastructure the following year.
Deal facts
- Announced
- Not recorded
- Closed
- Value
- £111.6 million (enterprise value)
- Buyer
- Next
- Seller
- —
- Assets
- FatFace
- Regulatory review
- None recorded
Ownership changes recorded from this deal
Who owns FatFace today?
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] NEXT plc Annual Report and Accounts January 2024, note 34 - acquisitions — NEXT plc, Annual report; retrieved 16 September 2026.
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