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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Mar- 2024 -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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19 FebruaryNews
Joe Browns appoints new CEO
Joe Browns, the fashion and homes retailer, has announced that Dawn Bannerman has joined as chief executive officer with immediate effect. Bannerman joins from laredoute.co.uk, where she held the position of chief commercial officer and prior to that, chief marketing officer for the UK subsidiary of the French business La…
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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 OctoberNews
Today’s news in brief-09/10/23
Frasers Group CEO Michael Murray has announced a significant shift away from the traditional department store model for House of Fraser. Murray aims to “rethink the space” by incorporating Frasers Group’s own brands and potentially phasing out the House of Fraser brand altogether. This transformation seeks to address previous issues,…
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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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Aug- 2023 -8 AugustHigh Street
Gordon Brothers mulls potential Wilko rescue deal
The investment company, Gordon Brothers, which has backed high street retailer Laura Ashley, is in talks with Wilko’s advisers at PwC about structuring a potential deal, Sky News has learned. An offer could involve Gordon Brothers providing funding to the discount retailer to implement a restructuring that would involve “significant”…
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