luxurious house furnishings group Sanderson design strikes a rosy licensing deal with Next
Sanderson’s Clarke & Clarke model has a collaboration with TV star Tess Daly (pictured)
Shares in interiors firm Sanderson Design soared after it struck a deal with Next to promote merchandise via the excessive road big.
The luxurious house furnishings group signed a five-year licensing settlement to present Next unique rights to make merchandise underneath its Clarke & Clarke model. Clarke & Clarke is thought for brilliant flowery designs and has a collaboration with TV star Tess Daly on mattress linen and cushions.
Products together with bedding, towelling, tableware, furnishings and lighting, will launch subsequent yr. They might be manufactured by Next’s suppliers. AIM-listed Sanderson stated the contract’s worth could be £2.6million this yr alone. Sanderson’s shares rose 15.2 per cent, or 18p, to 136.5p.
The deal has the potential for ‘multi-year earnings’ and was a welcome vote of confidence from a main UK retailer, Sanderson chief govt Lisa Montague stated.
Next has had an settlement with Sanderson’s Morris & Co model for womenswear since 2021. Next has not too long ago purchased Joules and Made.com from the brink of collapse.
