Barclay family reviews £2.5bn Very Group, potential sale may lead to loss of control.
The Barclay family is reviewing Very Group, their online retail business valued at £2.5 billion, potentially leading to a sale. They have engaged Barclays, JP Morgan, and Morgan Stanley for guidance. The family, facing financial pressures and having divested major assets, may lose control of Very Group, which has 4.5 million customers and includes the Very and Littlewoods brands. The outcome could significantly impact the e-commerce landscape.
October 07, 2024
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