The owners of The Very Group have reportedly lined up Barclays, Morgan Stanley and UBS to spearhead its potential flotation on the stock market. The Barclay family, who also own The Daily Telegraph, has chosen the three banks as the global coordinators of the IPO, which is likely to take place next year, Sky News reports. The news comes just...
16 Aug 2021
The Very Group has raised 575 million pounds to refinance its debt through the issuing of senior secured notes due to expire in 2026. The notes are rated “B3 stable” by risk assessment firm Moody’s and “attracted strong demand from investors”, with an orderbook at the final pricing of over 950 million pounds, Very Group announced Tuesday. It...
11 Aug 2021
Online retail operator, The Very Group, has hired 11 individuals to be a part of its customer care, tech bar and colleague experience teams. The group that operates e-commerce sites Very.co.uk and Littlewoods.com, is taking on the young recruits as part of the UK Government’s Kickstart scheme to increase opportunities for individuals who could...
9 Aug 2021
Very Group, the parent company of online retailer Very, has completed the shift of all its clothing and footwear returns to a new, “highly automated” fulfilment centre in the East Midlands. The group said the move means products will be available for re-sale within 30 minutes and refunds will be provided “faster than ever before”. The migration...
29 Jul 2021
The owners of Very Group are reportedly gearing up for a potential 2022 IPO of the British e-tailer. The Barclay family, who also own The Daily Telegraph, has appointed STJ Advisors to prepare Very Group for its stock market debut as early as next year, Sky News reports. It would be the first time the Barclay family has taken one of its...
19 Jul 2021
The owners of British online retailer The Very Group are reportedly mulling an IPO that could value the business at 3 billion pounds. The Barclay family is in the early stages of deciding whether to take the group public amid soaring investor interest in online retailers, Sky News reports. The Very Group has been one of the success stories of...
18 Jan 2021
Online retailer Very has reported record sales during the important Christmas trading period. For the seven weeks up to and including 25 December 2020, retail sales increased 25.2 percent year-on-year, while sales via the Very mobile app were up 33 percent. The retailer, which is owned by The Very Group, also gained over 500,000 new customers...
12 Jan 2021
The Very Group has announced the appointment of former BBC tech director Matt Grest as chief information officer, effective 21 December. In his new role, Grest will lead the British retailer’s 350-strong technology team as it continues to transform its technology and platforms. “The Very Group has a history of reinvention powered by technology...
19 Nov 2020
The Very Group, which operates online retail brands Very.co.uk and Littlewoods.com, said in a statement that Very.co.uk retail sales increased 10.5 percent to 1,229.6 million pounds driving Very.co.uk revenue up 6.8 percent to 1,589.8 million pounds and group revenue growth of 2.9 percent to 2,050.7 million pounds. Littlewoods, the company...
8 Oct 2020
UK online retailer The Very Group has announced the return of former head of ecommerce Paul Hornby to the company, this time taking the role of digital customer experience (DCX) director. Hornby will join in January and report to chief technology officer (CTO) Andy Burton. In his new position, Hornby will be tasked with leading a range of...
2 Oct 2020
British online retailer The Very Group has announced the appointment of Steve Pimblett as chief data officer (CDO). In his new role, Pimblett will oversee “all things data” at the retailer, including strategy, science, analytics and engineering, and will report to chief technology officer (CTO) Andy Burton. Pimblett joins Very from British tech...
29 Sep 2020
Annual revenue at The Very Group has passed 2 billion pounds for the first time and the company now expects to return to profit this year. The online British retailer, which rebranded last year from Shop Direct, experienced a 65 percent increase in website visits and a 36 percent increase in retail sales at Very.co.uk in the final quarter of...
13 Aug 2020
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