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nextgroup.eu

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About Next Group

Next Group is a hub of professionals that offers creativity, management, know-how, planning and production.

Next Group Headquarters Location

Via Sallustiana, 26

Rome, 00187,

Italy

+39 06 4417351

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Latest Next Group News

Joules shares drop after speculation that rescue talks with Next could be in trouble

Aug 30, 2022

Joules shares drop after speculation that rescue talks with Next could be in trouble Joules responds by saying 'group continues positive discussions with Next Group Plc' 09:51, 30 AUG 2022 Group 28 Sign up to FREE email alerts from BusinessLive - Retail & Consumer - all the results, acquisitions and trends every Friday Invalid emailSomething went wrong, please try again later. Sign Up Group 28 Shares in Joules were down 10 per cent at one point this morning following speculation about whether or not a deal to sell part of the business to Next will go through. It followed media reports that a potential deal was faltering after the two fashion retailers failed to reach agreement over terms. Sky News suggested Next had not received enough financial detail to make a formal proposal and said there were doubts that Next would be prepared to proceed with a deal at 33p-a-share or more – Joules' valuation when the talks were first revealed. Shares in the company were around 23p today. Back on August 9 , it was announced that Next – also based in Leicestershire – was interested in taking a £15 million stake in Joules and offering use of its online and distribution service Total Platform which provides support for everything from website services to warehousing, distribution and till systems. But just over a week ago Joules shares dropped a third after it issued a profit warning on news the heatwave, coupled with the cost-of-living crisis, had caused a drop in sales of staples such as jackets, raincoats, knitwear and wellies . Today, in response to recent reporting, Joules said: “Further to the announcement on 19 August 2022, the group continues positive discussions with Next Group Plc about both adopting its Total Platform services to support its long-term growth plans and a potential equity investment. “There can be no certainty that these discussions will lead to any agreement, and further announcements in this regard will be made if and when appropriate.” Russ Mould, investment director at online stockbroker AJ Bell said things were looking tough for the country casuals retailer. He said: “Posh wellies seller Joules’ latest update – effectively decrying media reports that an agreement with Next for the larger retailer to invest in the business was breaking down – shows the desperation of its situation. “Businesses like Joules, which are neither luxury brands nor bargain basement propositions and sell discretionary items, look particularly vulnerable against a highly squeezed consumer backdrop.” Read More Related Articles

Next Group Acquisitions

2 Acquisitions

Next Group acquired 2 companies. Their latest acquisition was Take on November 20, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/20/2019

$99M

Corporate Majority

1

9/19/2019

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$99M

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10

Date

11/20/2019

9/19/2019

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Corporate Majority

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Sources

1

10

Next Group Team

3 Team Members

Next Group has 3 team members, including , .

Name

Work History

Title

Status

Jacob Vorsø Pedersen

IOT Technology Solutions, and Salling Group

Founder

Current

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Name

Jacob Vorsø Pedersen

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Work History

IOT Technology Solutions, and Salling Group

Title

Founder

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Status

Current

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