t
NEXT plc announced on 28 March 2023 its agreement to acquire the brand name, domain names, and intellectual property of CK Acquisitions Ltd from the administrators for £8.5 million. The cathkidston.com domain will be licensed back to the administrators for a period of up to 12 weeks.
| Date | 28 Mar 2023 |
| Time | 16:30:28 |
| Category | Acquisitions and alliances |
| ID | 5196U |
NEXT plc (the "Company")
Acquisition
28 March 2023
The Company announces that it has agreed to acquire the brand name, domain names and intellectual property of CK Acquisitions Ltd from the administrators for consideration of £8.5m.
The cathkidston.com domain will be licenced back to the administrators for a period of up to 12 weeks to effect stock clearance, prior to relaunch under the Company's ownership.
Ian Blackwell
Company Secretary
NEXT plc contact:
Alistair Mackinnon‐Musson, Rowbell PR
Tel: 020 7717 5239