Business
Major Licensing Agreement with NEXT
Major Licensing Agreement with NEXT.
About this update from Sanderson Design Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n For immediate release\n \n \n \n \n \n \n 22 February 2023\n \n \n \n \n \n \n \n \n \n \n \n SANDERSON DESIGN GROUP PLC\n \n \n \n (\"Sanderson Design Group\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n Major Licensing Agreement with NEXT for Clarke & Clarke\n \n \n \n \n \n \n \n \n \n Sanderson Design Group PLC\n \n (AIM: SDG), the luxury interior design and furnishings group, is pleased to announce a major licensing agreement for its Clarke & Clarke brand in which NEXT will hold a master agreement giving exclusive rights to produce a very broad range of Clarke & Clarke homeware products including bedding, towelling, tableware, furniture and lighting.\n \n \n The agreement includes a five year licence period from product launch in spring/summer 2024 following a year of product development by NEXT. The Clarke & Clarke licensed products will be available in NEXT stores and online at next.co.uk, and will also be wholesaled to third parties.\n \n \n Acclerated licensing income of £2.6 million will be recognised by the Group in the current financial year in connection with the agreement, which covers the UK and Eire.\n \n \n The new agreement marks the latest in a series of licensing agreements between NEXT and the Group's brands. These include a Morris & Co. womenswear agreement signed in May 2021, which has since been extended and will see the launch of a new range of NEXT Morris & Co. womenswear for autumn/winter this year.\n \n \n The new agreement is the first major licensing agreement for the Clarke & Clarke brand, whose out-licensing activities have so far solely comprised an agreement with Asiatic Rugs along with an in-licensing agreement with Wedgwood and a long-standing collaboration with the designer Emma Shipley, all of which are separate from the newly signed agreement with NEXT.\n \n \n \n \n \n \n Lisa Montague, Sanderson Design Group's Chief Executive Officer, said:\n \n \"We are delighted to sign this master licensing agreement with NEXT for Clarke & Clarke, marking a significant strategic development for the brand. Clarke & Clarke is already the Company's largest brand by revenue and this agreement brings further multi-year income potential along with the endorsement of a major UK retailer. We look fo...