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Last year, Next bought fashion retailer Joules, furniture brand Made.com, and a minority stake in baby goods retailer JoJo Maman BeBe. Next said on Friday it will pay FatFace s current owners, a consortium of financial institutions including Alcentra and Lloyds Banking Group, a combination of cash and new Next shares.
NEXT again showed why it is the king of the high street today with a leap in profits that defy the consumer slowdown and leave it set for more acquisitions of rivals.