Key facts
- Elliott Advisors is reportedly considering a takeover of The Very Group.
- The potential deal could value the British online retailer at $2.67 billion.
- The Very Group sells clothes, electronics, and home goods under the Very and Littlewoods brands.
- Carlyle Group took control of The Very Group in the previous year.
- JD.com had previously expressed interest in acquiring the company.
U.S.-based investment firm Elliott Advisors is reportedly considering a takeover of British online retailer The Very Group, with the deal potentially valuing the company at £2 billion ($2.67 billion), according to Sky News. This interest emerges after Chinese e-commerce giant JD.com was reported in May to be evaluating a similar bid to expand into the UK market.
The Very Group, formerly known as Shop Direct, offers a range of products including clothing, electronics, and home goods through its Very and Littlewoods brands. The company's potential sale follows its acquisition by U.S.-based Carlyle Group last year, which ended the Barclay family's two-decade ownership.
Representatives for The Very Group and Carlyle Group declined to comment on the reports. Elliott Advisors did not immediately respond to a request for comment.