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LONDON - Next (LON:NXT) 15 Group plc (LSE:NFG) confirmed on Friday that it is in preliminary discussions regarding the potential sale of selected brands from its portfolio, following recent media speculation about possible disposals.
The tech and data-driven growth consultancy stated that these discussions are in the early stages, and emphasized that there is no certainty an agreement will be reached or what the terms might be if a deal materializes.
"The Group also continually appraises performance and actively considers options to accelerate value creation across the Group’s business units as well as enhancing the delivery of the Group’s commercial and strategic objectives," Next 15 said in a press release statement.
The company noted that the potential sales align with its previously stated strategy to simplify and strengthen its business, as communicated in its reporting over the past year.
Next 15 indicated that its board’s primary focus remains on maximizing shareholder value, adding that no deal would proceed if "sufficient value is not realised."
The London-based company said it would provide further updates on the potential brand sales as appropriate.
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