May 2026
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Largest Clothing & Accessories Public Companies in the UK
Benchmark revenue and EBITDA valuation multiples for public comps like
NEXT, Associated British Foods, Burberry, Dr. Martens and Mulberry Group.
 | Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World. | $178 | +7% | $20B | $23B | 2.4x | 10.3x | ||
| Associated British Foods is a diversified international food, ingredients, and retail group with 138,000 employees and operations in 56 countries across Europe, Africa, the Americas, Asia, and Australia. The group sells branded groceries, grows and processes sugar, supplies farmers with crop input and animal feed, and runs the multinational Primark clothing retail chain. It also supplies ingredients like bakers' yeast, enzymes, lipids, and cereal specialties. In fiscal 2025, approximately 36% of sales came from the UK, and Primark accounted for around 60% of operating profit.On Nov 4, 2025, ABF announced it has been conducting a strategic review to potentially separate the Primark and Food businesses. A final decision is expected within 12-18 months. | $25 | -11% | $17B | $21B | 0.8x | 5.9x | ||
| Burberry, a British luxury monobrand that is more than 160 years old, is best known for its outerwear and signature plaid scarves. It has a global presence, with 35% of revenue generated in Europe, 43% in Asia, and 22% in North America. Apparel contributes over 60% of sales. | $16 | +0% | $6B | $7B | 2.1x | 9.6x | ||
| Dr. Martens PLC is engaged in the business of footwear. Its product segments include Originals, Fusion, Kids and Casual, and a complementary range of Accessories. The company has sales through E-commerce, Retail, and Wholesale of Products. Geographically, it derives a majority of revenue from EMEA and also has a presence in the Americas and APAC. | $1 | -1% | $953M | $1B | 1.2x | 8.3x | ||
| Mulberry Group PLC is a manufacturer of luxury leather goods in the United Kingdom. The Group designs, manufactures and manages its business under the Mulberry brand. The company operates in three geographical segments: UK, Asia Pacific, and Other international. Through its Omni Channel operations, the UK segment generates the majority of the revenue for the company. | $2 | +23% | $116M | $198M | 1.2x | (11.1x) | ||
| Median | $16 | +0% | $6B | $7B | 1.2x | 8.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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