Article 71BFD US private equity giant poised to take over online retailer The Very Group

US private equity giant poised to take over online retailer The Very Group

by
Jasper Jolly
from World news | The Guardian on (#71BFD)

Barclay family set to lose another part of former business empire, once known as Littlewoods, to Carlyle Group

The Barclay family is set to lose control of another part of their former business empire with a US private equity firm taking control of online retailer the Very Group.

Washington-headquartered Carlyle Group is expected to announce it has taken over the retailer as soon as Monday morning.

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