Very Group, controlled by the Barclay family, secures £125m funding from Carlyle and Abu Dhabi-based IMI, with both gaining board seats.
Very Group, controlled by the Barclay family, secures £125m in funding from Carlyle and Abu Dhabi-based IMI. The online retail group recently reported a half-year pre-tax loss of £2m, and as part of the deal, both Carlyle and IMI will be granted a seat on the company's board. The Barclays have ceded a degree of control to secure much-needed funds.
February 28, 2024
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