The owners of British online retailer Very have encountered difficulties in pursuing a private equity sale due to their £4bn valuation and the company’s high debt pile, according to a report by The Times.
Very is owned by the Barclay family and rebranded from Littlewoods Direct in 2009.
According to the report, the Barclays have approached private equity funds about taking over the retailer as it seeks to offload assets acquired over more than 30 years. The family has so far remained firm on the price.
