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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Aug- 2021 -11 AugustClothing & Shoes
The Very Group raises £575m amid ‘strong’ investor demand
The Very Group has announced that it has raised £575m through the issuing of senior secured notes which are due in 2026. The retailer said that the 6.50% notes were rated “B3 stable” by the investor service Moody’s and attracted “strong demand” from investors, with an orderbook at the final…
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Jul- 2021 -29 JulyOnline & Digital
Very transfers fashion returns to East Midlands fulfilment centre
The Very Group has completed the migration of all its clothing and footwear returns to Skygate, its automated fulfilment centre in the East Midlands. The 850,000 square foot fulfilment centre, which launched the day the first national lockdown began in March 2020, has shipped 20 million items and over eight…
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Jun- 2021 -15 JuneOnline & Digital
Very recruits 30 young people via Gov’s Kickstart initiative
The Very Group has announced plans to create 30 new roles as part of the government’s Kickstart scheme to “improve opportunities” for young people at risk of “long-term unemployment”. The roles are open via JobCentre Plus to 16 to 24 year olds on Universal Credit. It aims to offer work…
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Mar- 2021 -12 MarchOnline & Digital
Very Group prepares for hybrid working model
Very Group has announced that it will be adopting a hybrid working model going forward for all its employees. The Littlewoods.com and Very.co.uk operator renovated its Liverpool-based headquarters to accommodate its 2,100 members of staff oscillating between working on site and at home. The renovations, carried out by Greenmount Projects,…
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Jan- 2021 -18 JanuaryOnline & Digital
Barclay family mulls £3bn Very Group float
The Barclay family is reportedly eyeing up a £3bn float of online retailer Very Group, according to reports from Sky News. The billionaire family, who owns the business, is said to be in the early stages of exploring plans for the flotation in a bid to “capitalise on exploding investor…
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12 JanuaryOnline & Digital
Very records best ever Christmas sales
Very.co.uk has announced a 25.2% year-on-year increase in retail sales in the seven weeks up to and including 25 December 2020, marking the best recorded sales over a Christmas period to date. The increase in sales was predominantly due to Covid-19 pushing retail online, as government lockdown restrictions continued to…
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Nov- 2020 -23 NovemberNews
The Very Group names former BBC tech director as CIO
Online retailer The Very Group has named Matt Grest as chief information officer (CIO), with his role set to come into effect on 21 December 2020. Grest joins from the BBC, where he worked as director of digital platforms and oversaw the transformation of the corporation’s digital and broadcast products…
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Oct- 2020 -8 OctoberOnline & Digital
Very Group revenue tops £2bn for first time
The Very Group has announced a return to profit as group revenue rose by 2.9% in the full-year to top £2bn for the first time in its history. The group reported a pre-tax profit of £48m and underlying EBITDA of £264m, both of which included coronavirus-related costs. Very.co.uk retail sales…
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5 OctoberOnline & Digital
Very Group appoints digital customer experience director
The Very Group has appointed Paul Hornby as the company’s digital customer service director. Hornby is set to rejoin the online retailer from Matalan in January 2021, having been Very’s head of Commerce and head of Transformation. In his new role, Hornby will work towards giving customers an accessible mobile…
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Aug- 2020 -13 AugustClothing & Shoes
Very Group to return to profit as revenues pass £2bn
The Very Group has forecasted a return to profits for the FY20 as it revealed annual group revenues passed £2bn for the first time. In a trading update for the full-year ending 30 June, the company said it saw a 65% increase in website visits driving “exceptional” retail sales growth…
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