Next, The British Clothing Retailer, Has Started The Idea Of Beauty Business.

Next PLC (NXT.L), the UK's largest clothing retailer, announced on Wednesday that it would acquire the MarieClaire Group Ltd. of the beauty business Ocado Group PLC (OCDO.L), the main operator of the latter. brand And e-commerce website Fabled.com and Fabled ByMarie Claire high-end beauty shop.

Born in August 2016, Fabled is a content oriented high-end beauty retailer. Currently it sells more than 250 brand products. Next PLC has worked with Fabled for 8 months, and finally decided to buy the brand.

Commenting on the latest deal, Simon Wolfson, chief executive of Next PLC, said that Fabled has developed a series of high-end beauty brands, online and retail businesses. The company's experience and expertise provide Next PLC with the opportunity to develop high-end beauty business with the help of the company platform.

The above spanactions are mainly guaranteed by the Fabled's revenue Commission in the future, and the actual spanaction amount is minimal. Next PLC will pay commission to Ocado Group PLC in the four financial year of January January 2021 in accordance with the Fabled's revenue in January. The guarantee amount will be 3 million pounds, while Ocado Group plc expects the total revenue of four years to reach 8 million pounds.

At present, Next PLC sells Estee Lauder, Clinique, Benefit, Smashbox, TheOrdinary, GHD, Dermalogica, Aveda, GHD, Dermalogica, Aveda, GHD, Dermalogica, Aveda, GHD, Dermalogica, Aveda, GHD, Dermalogica, Aveda, Clinique, Benefit, Smashbox, TheOrdinary, Clinique, Benefit, Smashbox, TheOrdinary, GHD, Dermalogica, Aveda, GHD, Dermalogica, Aveda, GHD, Dermalogica, Aveda, GHD, Dermalogica, Aveda, and so on.

Ocado Group PLC chief executive Tim Steiner said the company's collaboration with the largest British department store Marks and Spencer Group PLC (MKS.L) Martha (Department of fire) started this year, which means the shift of the company's focus and the sale of the business is in the interests of all parties.

At the beginning of February, Marsha general announced the establishment of a joint venture with Ocado Group PLC and invested 750 million pounds to acquire 50% of the British retail business of the electricity supplier.

As Britain's most profitable clothing group, Next PLC has been declining for four consecutive years. By the end of January, in the 2019 fiscal year, the group's pre tax profit dropped 0.4%, from 726 million 100 thousand to 722 million 900 thousand pounds, while the total sales rose 2.5% to 4 billion 220 million 900 thousand pounds, of which the sales of full price products increased by 3.1%.

As of the end of January, Next PLC sold 1 billion 918 million 800 thousand online, very close to the retail business of 1 billion 955 million 100 thousand pounds, and the acquisition of Fabled is also in line with the Group Chairman MichaelRoney's online spanformation plan in the annual report.

The first quarter results released in May 1st showed that the spanformation strategy of Next PLC continued, with an increase of 11.8% in online business, while retail sales fell 3.6%. In the first three months of April 27th, the overall price and financial business revenue increased by 4.5%, a 130 basis point higher than the company's expectations. At the same time, the company continued to maintain its expected operating profit of 1.1% to 715 million pounds in the current fiscal year.

Expanding beauty business seems to be the inevitable trend of expansion of traditional and online retailers. fashion Zalando SE (ZALG.DE) and ASOS PLC (ASC.L), the largest fashion business in the UK, have launched beauty business in the past two years. The Swedish clothing giant Hennes & Mauritz AB (HM-b.ST) Haines Maurice group has launched the cosmetics business for the flagship brand H&M in 2015.