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Next 15 Group PLC on Friday confirmed it is in early talks to dispose of some of its brands, a day after it announced a new chief executive officer and warned on profit. The London-based business growth consultant said it is actively considering options to speed up value creation across its business units and enhancing the delivery of its commercial and strategic objectives. ‘The board’s primary focus is maximising shareholder value. At this time, there can be no certainty that any agreement will be reached, nor as to the terms of any such agreement, including if sufficient value is not realised. Further updates will be provided as appropriate,’ Next 15 said. Next 15 shares rose 9.4% to 227.50 pence each on Friday afternoon in London, but have shrunk by around a quarter over the past week. On Thursday, the company had warned that profit for the current financial year ending in late January 2026 will fall materially short of expectations, citing a weaker dollar, rising investment costs, and pipeline conversion issues at its innovation business Mach49. The firm had said more than half of its revenue is dollar-denominated, exposing it to adverse foreign exchange movements. It also flagged increased investment in talent, product development and AI, as well as softer conversion in parts of its pipeline, as further pressures on profit. Further, as part of a leadership transition, Next 15 said Thursday long-serving CEO Tim Dyson will retire after 33 years at the company. He will be succeeded by Sam Knights, CEO of SMG since 2020, who will work alongside Dyson during a transitional period and take the reins fully later this year. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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