Next CEO says not looking at majority stake in any Arcadia deal

LONDON, Jan 5 (Reuters) - British retailer Next said
it was part of a consortium bidding for some of the brands owned
by stricken rival Arcadia, but it would not take a majority
stake in a deal.

"We are part of a consortium that is bidding for some of
those brands," Chief Executive Simon Wolfson said in an
interview on Tuesday. "We are not looking at taking a majority
stake."

Topshop and Topman owner Arcadia went into administration in
November, putting over 13,000 jobs at risk and becoming
Britain's biggest corporate casualty of the COVID-19 pandemic so
far.
(Reporting by Paul Sandle, editing by Estelle Shirbon)