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A private American firm has bought over one of the UK's biggest online retailers. The move marks the end of a 20-year era for one of Britain's richest families . ‌

US global investment firm Carlyle is said to have taken control of the Very Group, the parent company to Very and Littlewoods, earlier this week on Monday, November 10. ‌

The Washington-based firm has become the controlling shareholder in the firm of which it was a major lender, with Abu Dhabi-based investment fund International Media Investments (IMI) continuing as a "key stakeholder". ‌

Both Carlyle and IMI have been invested in the Very Group for the past few years, becoming lenders in 2021.

According to Sky News, the group, which is chaired by former Conservative chancellor Nadhim Zahaw

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