Carlyle to Take Control of Very Group from Barclay Family

Carlyle to Take Control of Very Group from Barclay Family

In a significant development for the UK's retail sector, the US private equity firm Carlyle is reportedly on the verge of taking over online retailer Very Group.
This move would conclude the Barclay family's lengthy association with the company.
The Very Group, which includes brands such as Very and Littlewoods, has been facing financial challenges, and the potential takeover by Carlyle is seen as a way to inject new capital and strategic direction.
The deal underscores the increasing interest of private equity firms in UK companies, particularly in the retail space.

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