Next CEO Wolfson nets $39 mln from share sale
LONDON, Sept 27 (Reuters) -The boss of British clothing and homewares retailer Next NXT.L has sold over 29 million pounds ($39 million) worth of his stock, sending shares in the group lower.
A regulatory filing showed Simon Wolfson, the FTSE-100 index's longest serving chief executive and a Conservative party peer, sold 290,000 shares.
Next shares have risen 37% over the last year and last week hit a record high. They were down 1.2% in afternoon trading Friday.
Last week, Next said it was on track to make an annual profit of almost 1 billion pounds as it raised its forecast for the second time in two months after better than expected recent trading.
($1 = 0.7457 pounds)
Reporting by James Davey; editing by Sarah Young
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