BREAKING: Next snaps up FatFace for £115m

Next has acquired FatFace in a takeover deal for £115.2m
In a release, it said the sale of the fashion retailer is expected to take place within the next few weeks.
Next will hold 97% of the equity while FatFace’s management will hold 3% in the business.
Will Crumbie, who joined FatFace as CFO back in 2014 before stepping into the chief executive role in 2021, will continue to lead the business.
Next said that under the deal, management will participate in an additional performance r