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Next has become the 27th domestic sponsor of the 2012 London Olympics.

The high street clothing chain will be a tier three sponsor of the Games and will provide uniforms for officials at the events and suits for organising committee staff. It will also design opening and closing ceremony outfits and formal suits for Team GB athletes.

There are currently 14 third-tier sponsors of the 2012 Olympics, each of which are thought to have paid about £10m. Next becomes the official clothing and homeware supplier to the Games.

Chris Townsend, the organising committee’s commercial director, said: “Next is a great brand and I’m confident it will create a great look for the athletes, officials and staff. We welcome them aboard.”