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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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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26 OctoberOnline & Digital
Very Group PBT plummets 92% to £4.6m
The Very Group has revealed that its profit before tax has dropped to £4.6m for the 52 weeks ended 1 July 2023, down 92% compared with the £63.9m it posted last year. The company stated that this was down to the heightened cost of funding the company after its finance…
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9 OctoberOnline & Digital
Very Group suppliers see credit insurance pulled
Suppliers for the Very Group have seen its credit insurance pulled by Allianz Trade amid concerns around the retailer’s falling profit, according to reports from Drapers. It has been reported that the decision to withdraw cover was due to macro-economic pressures as consumers reduce their spending. Very Group saw its…
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Jun- 2023 -22 JuneNews
Matalan makes two senior executive appointments
Matalan has announced the appointment of Phil Hackney as chief supply chain operations officer and Katherine Davis as chief retail officer. These new senior executives will report directly into Jo Whitfield as CEO. The roles have been created to support Matalan’s transformation, unlocking improvements to the customer journey as the…
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