REG - Sanderson Design Grp - Major Licensing Agreement with NEXT

Sanderson DesignAnnouncement

22/02/2023 07:00

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RNS Number : 6233Q  Sanderson Design Group PLC  22 February 2023

 For immediate release
                                                     22  February 2023

SANDERSON DESIGN GROUP PLC

("Sanderson Design Group", the "Company" or the "Group")

 

Major Licensing Agreement with NEXT for Clarke & Clarke

 

Sanderson Design Group PLC (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.

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.

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.

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.

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.

 

Lisa Montague, Sanderson Design Group's Chief Executive Officer, said: "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 forward to working closely with
NEXT during the year ahead on the broad and exciting range of homeware
products covered by the agreement."

 

Lord Simon Wolfson, CEO of NEXT, said: "We are delighted to have this
opportunity to deepen and strengthen our working relationship with the
Sanderson Design Group. We anticipate the combination of timeless Clarke and
Clarke design with NEXT's Sourcing, Online and Retail capabilities will
deliver exciting new products to customers 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
 Mike Woodcock, Chief Financial Officer
 Caroline Geary, Company Secretary

 Investec Bank plc (Nominated Adviser and Joint Broker)  +44 (0) 20 7597 5970
 David Anderson / Alex Wright / Ben Farrow

 Singer Capital Markets (Joint Broker)                   +44 (0) 20 7496 3000
 Tom Salvesen / Jen Boorer / Alex Emslie

 Buchanan                                                +44 (0) 20 7466 5000
 Mark Court / Toto Berger / Abigail Gilchrist
 SDG@buchanan.uk.com (mailto: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, 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
(http://www.sandersondesigngroup.com)

 

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