Very Group
This coverage analyses The Very Group’s operations and strategy within the UK retail market, focusing on its e-commerce platform, financial performance, and customer engagement initiatives. Reporting highlights include leadership appointments, technology investments, marketing campaigns, and growth plans — offering retail professionals actionable insight into its digital retailing model and commercial priorities.
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May- 2024 -23 MayNews
Today’s news in brief-23/5/24
The Very Group’s pre-tax losses narrowed to £2.1m for the 39-week period ending March 30, down from £11.7m the previous year, despite a slight dip in total revenue by 0.8% to £1.6bn. Very UK, contributing 86% of the group’s sales, saw a revenue increase of 1% to £1.4bn. However, Littlewoods…
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23 MayNews
The Very Group losses narrow to £2.1m
The Very Group pre-tax losses narrowed to £2.1m in the 39-week period ended 30 March, down from a loss of £11.7m the prior year, despite sales dipping amid tough market conditions. Total revenue for the group slightly decreased by 0.8% to £1.6bn, yet Very UK revenue, which represents 86% of…
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13 MayNews
Today’s news in brief-13/5/24
The Very Group has named Nadhim Zahawi, former government minister and MP, as its new non-executive chair. Zahawi, who will succeed Aidan Barclay, brings significant experience in digital growth and innovation. He aims to guide the company’s strategic development and explore new business expansion opportunities, potentially involving fresh equity investment.…
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13 MayNews
The Very Group appoints Nadhim Zahawi as non-exec chair
The Very Group, which operates digital retailers Very and Littlewoods, has appointed former senior government minister and MP for Stratford-on-Avon Nadhim Zahawi as non-executive chair and board member. Zahawi, who recently announced he will stand down as an MP at the next general election, will replace current non-executive chair Aidan…
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Apr- 2024 -30 AprilNews
Today’s news in brief-30/4/24
Shop price inflation in the UK eased to 0.8% in April, a decrease from 1.3% in March, according to the latest data from the BRC-Nielsen Index. This decline suggests a trend towards normalising inflation levels after reaching a peak last year. The drop was particularly notable in non-food items, which…
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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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