TIDMSDG
Sanderson Design Group PLC
07 October 2021
For immediate release 7 October 2021
RNS REACH
SANDERSON DESIGN GROUP PLC
("Sanderson Design Group", the "Company" or the "Group")
Further licensing agreement with NEXT
Sanderson Design Group PLC (AIM: SDG), the luxury interior
design and furnishings group, announces that its Morris & Co.
brand has signed a licensing and supply agreement with the major
retailer NEXT for an exciting range of homewares including
bedlinen, cushions, ready-made curtains, blinds, rugs, wallpaper
and lighting.
This agreement is further to Morris & Co.'s apparel
agreement with NEXT, which was signed in November last year. The
NEXT range of Morris & Co. women's, men's and children's
apparel was launched in May this year and is performing ahead of
Group expectations.
It is anticipated that the first products under the Morris &
Co. homewares agreement, which has an initial three year term, will
be launched in early 2022 and will be available online at
next.co.uk and in selected NEXT stores.
In addition to working with Morris & Co., NEXT has
previously signed licensing agreements with the Group's Sanderson
and Scion brands for homewares. NEXT is also Clarke & Clarke's
key retail channel for the Tess Daly collection of bedlinens,
cushions and throws.
Lisa Montague, Chief Executive Officer of Sanderson Design
Group, commented: "We're thrilled to sign our latest licensing
agreement for the Morris & Co. brand with NEXT, a major
retailer with which we have a strong working relationship. This
homewares agreement builds on Morris & Co.'s apparel agreement
with NEXT and reinforces the strength of the brand's licensing
potential. We look forward to working with NEXT on this exciting
homewares collection."
Lord Simon Wolfson, NEXT's Chief Executive, said: "We are
delighted to be collaborating with Morris & Co., with whom we
already have an excellent working relationship. We believe the
combination of their outstanding designs and enduring brand along
with NEXT's Sourcing, Online and Retail capabilities can deliver
exciting new homeware products for consumers in the UK and
beyond."
For further information:
Sanderson Design Group PLC c/o Buchanan +44 (0) 20
7466 5000
Lisa Montague, Chief Executive Officer
Michael Williamson, Chief Financial
Officer
Caroline Geary, Company Secretary
Investec Bank plc (Nominated Adviser
and Broker) +44 (0) 20 7597 5970
David Anderson / Alex Wright / Ben
Farrow
Buchanan +44 (0) 20 7466 5000
Mark Court / Sophie Wills / Toto
Berger
SDG@buchanan.uk.com
Notes for editors:
About Sanderson Design Group
Sanderson Design Group PLC is a luxury interior furnishings
company that designs, manufactures and markets wallpapers, fabrics
and paints. In addition, the Company derives licensing income from
the use of its designs on a wide range of products such as bed and
bath collections, rugs, blinds and tableware.
Sanderson Design Group's brands include Zoffany, Sanderson,
Morris & Co., Harlequin, Scion, Clarke & Clarke and Archive
by Sanderson Design.
The Company has a strong UK manufacturing base comprising Anstey
wallpaper factory in Loughborough and Standfast & Barracks a
fabric printing factory, in Lancaster. Both sites manufacture for
the Company and for other wallpaper and fabric brands.
Sanderson Design Group employs approximately 600 people and its
products are sold worldwide. It has showrooms in London, New York,
Chicago, Paris, Amsterdam and Dubai.
Sanderson Design Group trades on the AIM market of the London
Stock Exchange under the ticker symbol SDG.
For further information please visit:
www.sandersondesigngroup.com
About NEXT
NEXT plc (LON: NXT) is a FTSE 100 company based in Leicester and
is one of the UK's leading online retailers for clothing and
homeware. NEXT has around 500 stores in the UK and Eire and an
online presence in over 70 countries selling the NEXT brand and
over 700 other fashion, home and beauty brands.
Media Relations Contacts:
Next Plc:
Alistair Mackinnon-Musson
+44 20 7717 5239
next@rowbellpr.com
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