Next’s marketing director becomes latest in a string of executives to sell a stake in the retailer
Next executives are dumping their stock in the retailer
Next’s marketing director has become the latest executive to sell a stake in the retailer after its boss sold £10million of shares last week.
Jane Shields offloaded £2.4million worth of stock yesterday, selling 35,000 shares for £67.62 each, just days after Lord Wolfson, Next’s chief executive, dumped 150,000 shares at a price of £67.87 apiece.
Last month, director Richard Papp sold shares worth £728,500.
Shields and Wolfson used their sales to capitalise on last week’s vaccine announcement by Pfizer.
But it is the first time Shields, who joined in 1985, has sold shares in more than 20 years. She still owns 37,690 shares in Next.
The stock fell 1.1 per cent, or 72p, to 6780p.