×
78 610
Fashion Jobs
OLD NAVY
Asset Protection Service Representative - Hub (The)
Permanent · Hempstead
H&M
Senior Business Analyst – Finance & Reporting
Permanent · NEW YORK
H&M
Part Time Cleaning Technician
Permanent · NEW YORK
H&M
Brand Insights & Engagement Manager – Region Americas
Permanent · NEW YORK
H&M
Tax And Compliance Manager
Permanent · SECAUCUS
H&M
Payroll Reporting And Systems Manager
Permanent · SECAUCUS
H&M
Regional Data Privacy Manager
Permanent · NEW YORK
H&M
IT Service Delivery Manager
Permanent · NEW YORK
H&M
Sales Market Construction And Facilities Manager
Permanent · NEW YORK
H&M
Regional Omni Inventory Optimization Manager
Permanent · NEW YORK
H&M
Visual Merchandising Manager
Permanent · SCHAUMBURG
H&M
Store Visual Manager
Permanent · SAN ANTONIO
H&M
Payroll Operations Manager
Permanent · SECAUCUS
H&M
h&m Retail Cleaning Technician
Permanent · GARDEN CITY
H&M
h&m Retail Cleaning Technician
Permanent · NEW YORK
WHITE HOUSE BLACK MARKET
Assistant Manager - White House Black Market
Permanent · FORT WORTH
WHITE HOUSE BLACK MARKET
Assistant Manager White House Black Market
Permanent · SAN MATEO
WHITE HOUSE BLACK MARKET
Assistant Manager - White House Black Market
Permanent · KING OF PRUSSIA
CHICO'S
Assistant Manager - White House Black Market
Permanent · REHOBOTH BEACH
CHICO'S
Assistant Manager - White House Black Market
Permanent · FORT LAUDERDALE
CHICO'S
Assistant Manager - White House Black Market
Permanent · MOUNT PLEASANT
CHICO'S
Assistant Manager - White House Black Market
Permanent · MARIETTA
Published
Jan 27, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Shop Direct owners could sell stake in firm as sales soar

Published
Jan 27, 2017

The reclusive owners of the Shop Direct retail giant could be about to sell a stake in the firm either via a private sale or a stock market listing, according to a report.


Veryexclusive is Shop Direct's higher-end operation



Sky News said it has learnt that the owners will decide with their advisers in the next few weeks which route to take for the partial sale of what it said would be a “significant chunk” of the retailer.

The business, which has morphed from a catalogue specialist into one of Britain’s most successful online sellers, is believed to be worth around £2bn.

Shop Direct includes littlewoods.com, very.co.uk and higher-end Very spin-off veryexcluisve.co.uk, as well as a finance arm. It is believed that one option on the table is a sale of the Very business as a standalone operation.

Shop Direct was among the success stories of the recent Christmas season with a 9% sales rise during the seven-week period to December 23. That followed a 40%-plus underlying pre-tax profits surge in its last financial year.

Despite its heritage in stores and catalogues, the business has shown itself to be one of the most nimble in reacting to the rise of e-tail and especially m-commerce. It is also moving fast to integrate artificial intelligence into its operations.

The company is owned by publicity-shy billionaires the Barclay Brothers, who also own the London Ritz Hotel and Telegraph Media Group. Analysts said a stock market listing is seen as the least likely option given Sir David and Sir Frederick Barclay’s dislike of public scrutiny.

Neither the Barclays nor Shop Direct have commented on the report.

Copyright © 2022 FashionNetwork.com All rights reserved.