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LONDON - Next plc (LON:NXT) announced Monday it intends to appoint KPMG LLP as its external auditor for the financial year ending January 2028 onwards, following the completion of a formal tender process. The appointment will require shareholder approval at the company’s 2027 Annual General Meeting.
The audit tender was conducted to comply with regulations requiring public interest entities to undertake an audit tender at least every ten years. The process was overseen by Next’s Audit Committee, which subsequently recommended KPMG to the Board.
PricewaterhouseCoopers LLP (PwC), Next’s current auditor, will continue in its role for the financial years ending January 31, 2026, and January 30, 2027. The latter engagement remains subject to shareholder approval.
"The Board would like to thank PwC for its significant and continuing contribution as the Company’s auditor, and also the other firms who took part in the tender," Next stated in its press release.
The company indicated that further details about the audit tender process and selection criteria will be provided in its 2026 Annual Report and Accounts.
Next, a British multinational clothing and home products retailer, is listed on the London Stock Exchange (LON:LSEG).
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