Tellworth UK Select backs 'almost indestructible' retailer Next

"One of the best logistics providers in the UK"

TM Tellworth UK Select has declared multinational retailer Next to be an “almost indestructible” business thanks to its dedication to “doing the boring stuff”.

Speaking to Investment Week, manager Seb Jory praised the firm as "one of the best logistics providers in the UK", arguing it has shifted from a high street shop to a business for which designing clothes is only a small part of its offering. "It has transformed from a predominately high street retailer very dependent on footfall and its credit business into arguably one of the best logistics providers in the UK," Jory said. "When you start getting under the skin and understanding where the value really comes from, it is much less from designing their own products. "It is a business...