Iconic fashion brand could be sold to Next after disappearing from high street
, which employed around 600 people, sold its brand, website and intellectual property to the clothing and homewares retailer.It started selling Gap clothing in stores in early 2022.in a move that saved its UK shops and website.Next reported profits of £401m for the six months ending July 2022, up 16% compared to the same period in 2021.
And for the year to January 2023, it now sees pre-tax profits coming in at £860 million, a £20 million upgrade on previous guidance and representing robust year-on-year growth of 4.5%
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