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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Hammerson plc    HMSO   GB00BK7YQK64

HAMMERSON PLC

(HMSO)
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Delayed Quote. Delayed London Stock Exchange - 01/15 11:35:12 am
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Hammerson : announces new NEXT Beauty & Home Store Opening in The Oracle on Thursday 3rd December

12/02/2020 | 08:15am EST

Hammerson has announced that NEXT is to open its new Beauty & Home store at the Oracle, Reading on Thursday. The opening is part of the expansion of NEXT's beauty business, which will see it open four new 'Beauty & Home' stores across the UK.

With a total of four 'new concept' stores opening this season; the Next Beauty and Home Reading Store will open its doors on Thursday 3rd December at 11am. The Reading Store will stock a wide variety of skincare, make-up and fragrance and host premium brands including; Chanel, YSL, Bare Minerals, Benefit, Clinique, Estee Lauder, Kiehls, Lancome, Too Faced, Urban Decay alongside many more. The store will also offer a range of premium beauty services.

NEXT currently sells over 250 beauty brands on next.co.uk and recognised the opportunity to develop an extensive premium Beauty business after a successful online collaboration with Fabled by Marie Claire, which launched Beauty on next.co.uk in October 2018. Fabled by Marie Claire was then acquired by Next in July 2019.

The aim of the new stores is to create a premium retail environment for Beauty, to complement the offer NEXT already carries through its Online Beauty business. Alongside this NEXT's well-loved Home and Lingerie collections will be available within the new stores; which will further expand the lifestyle offer available to the local Next customer.

Mark Bourgeois, Hammerson Managing Director UK & Ireland, said: 'Across our portfolio, we're always looking for opportunities to introduce something innovative and exciting to our destinations, whether that's a new store concept or brand. We're delighted to have collaborated with the NEXT team in delivering this Beauty & Home store which will really complement the broader offer at the Oracle, particularly in the run up to Christmas.'

Simon Wolfson, NEXT's Chief Executive said: 'This is an exciting opportunity to work with existing and new beauty brand partners to create a new force in beauty retailing - bringing our Online business to life through premium store environments in some of the UK's most important retail locations.'

Disclaimer

Hammerson plc published this content on 02 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2020 13:14:04 UTC


© Publicnow 2020
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Financials
Sales 2020 269 M 365 M 365 M
Net income 2020 -1 426 M -1 938 M -1 938 M
Net Debt 2020 2 197 M 2 985 M 2 985 M
P/E ratio 2020 -0,11x
Yield 2020 9,07%
Capitalization 921 M 1 252 M 1 251 M
EV / Sales 2020 11,6x
EV / Sales 2021 10,7x
Nbr of Employees 553
Free-Float 83,0%
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Mean consensus UNDERPERFORM
Number of Analysts 19
Average target price 27,25 GBX
Last Close Price 22,70 GBX
Spread / Highest target 296%
Spread / Average Target 20,0%
Spread / Lowest Target -41,7%
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Managers and Directors
NameTitle
Rita-Rose Gagné Chief Executive Officer & Executive Director
Robert Montague Noel Non-Executive Chairman
Grégoire Peureux Chief Operating Officer
James Lenton Chief Financial Officer & Executive Director
Judy Mary Gibbons Independent Non-Executive Director
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