Long-awaited £4bn float of Liverpool-based online retailer The Very Group is on track
In fashion: Molto, fronted by actress Michelle Keegan (nella foto), sells clothing, calzature, electronics, furniture and gifts
The long-awaited £4billion float of Liverpool-based online retailer The Very Group is on track.
The firm behind Very.co.uk and Littlewoods has reportedly offered incentives to senior managers ahead of a listing in the middle of 2023.
Molto, owned by the Barclay family, è stato creato nel 2003 after Littlewoods and Great Universal Stores merged.
Il gruppo, fronted by actress Michelle Keegan, sells clothing, calzature, electronics, furniture and gifts. Revenues in the year to the end of June jumped 13 per cent to £2.3billion.
Very booked an £81.7m pre-tax profit. A float was mooted last summer.
A report in The Sunday Times said Very’s executives have been asked to stay on ‘for several years’ to see it through.
There are fears it will struggle to achieve a touted £4billion valuation amid the crash in tech stocks.