Very targeted by private equity firms but owners stand firm on valuation

Online giant Very is being targeted by private equity firms but its owners’ hefty valuation will make it difficult for a deal to be reached.

Private equity funds have been approached about taking over the retailer, as the Barclay family seeks to offload assets bought over more than 30 years.

However, potential buyers have been put off by its £4bn valuation as the family remains firm on the price, according to The Times.

Likewise, some investors have been deterred by the website’s high debt pile.

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Very Group saw sales edge up just 2.1% over the key festive trading period despite a strong demand for beauty, electrical and toys.

Sales at group’s core Very business rose 3.4% in the seven weeks to 22 December, however, when including Littlewoods and Very Ireland, the growth was more subdued.

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