Overview
- The Very Group confirmed Washington-based Carlyle as its controlling shareholder, with Abu Dhabi’s International Media Investments remaining a key stakeholder.
- Carlyle converted a multi‑year lending position begun in 2021, including significant follow‑on financing, into ownership control.
- Chief executive Robbie Feather said the backing will support increased investment in technology and the customer experience.
- For the year to 28 June, the retailer reported £2.1bn in sales and £307m in EBITDA, achieving a record 14.7% margin.
- The takeover concludes more than 20 years of Barclay family ownership as part of a broader unwinding that has included the Telegraph, the Ritz and Yodel.