The Very Group is under new ownership. The former Shop Direct , which owns Very and the legacy Littlewoods e-tail businesses, is now controlled by its major lender, global investment firm Carlyle. Another lender, Abu Dhabi-based media group IMI, is continuing as “a key stakeholder”.

The company said it’s “a positive outcome for The Very Group, providing it with a strengthened capital base and enhanced financial flexibility to support investment in its long-term growth plans”.

It also “underscores Carlyle and IMI’s confidence in The Very Group, its management team, leading brand position, strategy and long-term growth potential, having supported the business since 2021”.

Carlyle and IMI will now “support the company’s management team to continue to deliver against its strategic pri

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