Elliott mulls $2.67 billion takeover of UK's The Very Group, Sky News reports (updated)

JD.com

11/06/2026 22:22

Adds The Very Group and Carlyle's responses in the last paragraph

    June 11 (Reuters) - U.S.-based investment firm Elliott Advisors has joined bidders considering a takeover of The Very Group in a deal that could value the British online retailer at £2 billion ($2.67 billion), Sky News reported on Thursday.    
Here are more details:
Sky News had reported in May that Chinese e-commerce giant JD.com 9618.HK was evaluating a potential £2 billion bid for The Very Group, in a push to expand in the UK market.
The Very Group, previously known as Shop Direct, sells clothes, electronics and home goods to customers mainly under the Very and Littlewoods brands.
The takeover interest in the retailer comes after U.S.-based Carlyle CG.O took control of the group last year, ending the Barclay family's 20-year involvement with The Very Group.
The Very Group and Carlyle declined to comment, while Elliott did not immediately respond to a Reuters request for comment.
($1 = £0.7486)

 (Reporting by Neeshita Beura, Unnamalai L and Tuhina in Bengaluru; Editing by Shreya Biswas)
 ((Neeshita.Beura@thomsonreuters.com))