The Very Group
This coverage explores The Very Group’s strategy and performance in the UK retail sector, focusing on its digital platforms, financial results, logistics operations, and leadership decisions. Reporting highlights how the business navigates e-commerce trends, customer engagement, and operational challenges, providing valuable insights for executives, managers, and professionals interested in multichannel and online retailing.
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Apr- 2024 -30 AprilOnline & Digital
Barclay family’s Abu Dhabi backers plan Very sale
The Barclay family’s Gulf-based backer Redbird IMI is reportedly planning a sale of Very Group as it seeks to unwind a £1.2bn refinancing of the family’s debts, according to the Times. RedBird IMI, the joint venture that is part-funded by Sheikh Mansour bin Zayed bin Sultan al-Nahyan and American private…
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9 AprilNews
Today’s news in brief-9/4/24
No Ordinary Designer Label Limited (NODL), the retailers of the Ted Baker brand in the UK and Europe, will close 11 stores by 19 April. This decision follows the appointment of administrators and is aimed at improving the company’s performance. Authentic Brands Group, the intellectual property owner of Ted Baker,…
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9 AprilNews
The Very Group promotes Robbie Feather to CEO
The Very Group, operator of digital retailer Very, has promoted Robbie Feather to the position of group CEO succeeding Lionel Desclée, who has chosen to step down and pursue new opportunities. Feather, who joined The Very Group in 2021, previously led the company’s retail team, which includes all category sourcing,…
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Mar- 2024 -25 MarchNews
Today’s news in brief-25/3/24
Former UK Chancellor Nadhim Zahawi is reportedly in discussions with online retailer The Very Group regarding the role of its new chair. While talks are ongoing, Zahawi’s potential appointment could signal a shift in leadership dynamics within the company, following the departure of its previous chair, Dirk Van den Berghe.…
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25 MarchNews
Ex-chancellor Nadhim Zahawi in talks to become The Very Group chair
Former chancellor Nadhim Zahawi is reportedly in talks with The Very Group regarding the possibility of becoming its new chair, according to Sky News. The MP for Stratford-upon-Avon is believed to be among the candidates that could become the next chairman for the online retailer. City sources told Sky News…
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4 MarchNews
Gymshark appoints new chief digital officer
Gymshark has recently announced the appointment of Carly Natalizia to the newly created role of chief digital officer. In her new role, she will bring Gymshark’s entire digital customer journey into one place across digital marketing and digital experience. She will be responsible for scrutinising and optimising the digital journey…
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Feb- 2024 -28 FebruaryNews
Today’s news in brief-28/2/24
Shein is reportedly contemplating shifting its Initial Public Offering (IPO) from New York to London amidst anticipated regulatory hurdles in the US due to its Chinese affiliations. The move would mark one of London’s largest IPOs ever. Chancellor Jeremy Hunt has engaged in talks with Shein’s chairman, Donald Tang, urging…
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28 FebruaryNews
Very Group secures £125m funding package amid £2m loss
The Very Group has announced it will receive a £125m funding package from investment firms Carlyle and IMI to support its growth strategy as it reported £2m half-year loss. The funding package, of which £85m will be provided by Carlyle Global Credit and a further £40m by Abu Dhabi-based IMI,…
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Jan- 2024 -11 JanuaryOnline & Digital
Very UK sales up 3.4% over Christmas period
Very UK has reported that retail sales were up by 3.4% in the seven weeks to 22 December 2023, with group sales up by 2.1% overall, but warned of a “challenging” year ahead for retailers. Over the Christmas and Black Friday period, the group said its performance was “consistently ahead”…
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Oct- 2023 -26 OctoberNews
Today’s news in brief-26/10/23
Majestic Wines has marked a significant milestone by opening two new stores in one week, a feat not accomplished in a decade. The first store, located in Chippenham, was reopened four years after its closure by previous management. The second, the largest in Wales, is the second-largest in the company’s…
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