Fresh takeover interest is emerging around The Very Group as potential buyers assess a deal that could value the UK online retailer at 2 billion pounds. The approach comes after Carlyle took control of the business last year, ending the Barclay family's two-decade involvement with the company.
Highlights
- Elliott Advisors is considering a takeover bid for The Very Group, valuing the UK online retailer at around 2 billion pounds ($2.67 billion).
- JD.com is also evaluating a potential acquisition of The Very Group at a similar valuation to expand its UK market footprint.
- Investor interest follows Carlyle's 2023 takeover of The Very Group, ending the Barclay family's 20-year ownership and signaling further sector consolidation.
Bid interest centers on possible 2 billion-pound deal
As first reported by Sky News, U.S.-based Elliott Advisors has joined a group of bidders considering an acquisition of The Very Group, with the online retailer potentially valued at 2 billion pounds, equivalent to about $2.67 billion.Sky News also reported in May that Chinese e-commerce company JD.com is evaluating a possible bid at a similar valuation, as it looks to expand its presence in the UK market.
Elliott, Carlyle and The Very Group do not immediately respond to requests for comment, while Reuters says it cannot immediately verify the report.
Ownership shift sharpens focus on retailer's future
The Very Group, formerly known as Shop Direct, sells clothing, electronics and home goods, mainly through its Very and Littlewoods brands.Interest in the business follows Carlyle's move to take control of the group last year, a change that brought the Barclay family's 20-year involvement with The Very Group to an end. Any deal would mark another significant transaction in the UK online retail sector as investors and strategic buyers assess established consumer brands.
Our earlier article on Frasers Group’s takeover offer for Hugo Boss explained how the UK retailer moved to buy the remaining shares it didn’t own at €38 per share, valuing the stake at about €1.978 billion. We noted that the deal would deepen Frasers’ exposure to branded apparel in Europe as Hugo Boss works through weaker sales and a turnaround plan.
Latest UK News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
