Nov 20, 2020

Next chief executive Wolfson sells £10m in stock

Next chief executive Simon Wolfson sold more than £10m in the retailer's shares this month, weeks after a trading update revealed a small uptick in sales over its third quarter. Lord Wolfson sold 150,000 shares on November 12, leaving the chief executive with 1.25m shares, a stake in the company of just under 1 per cent. On November 17, executive director Jane Shields offloaded £2.4m in shares. The company said that this disposal was made for personal reasons, highlighting that Ms Shields has not sold any Next shares in more than two decades. On the same day as Next's latest trading update, on October 28, executive director Richard Papp and his wife sold Next shares worth nearly £782,000, cutting his stake from 30,467 shares to 17,867 shares.

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