Headquartered in Liverpool, the company operates popular e-commerce brands Very and Littlewoods, serving around 4.2 million customers and generating more than '2bn ($2.6bn) in annual revenue. Adjusted earnings rose 16% to '307m in the most recent financial year. The takeover comes as the Barclay family continues to unwind its former business empire following mounting debts tied to its media and retail holdings. The family had earlier lost control of the Telegraph Media Group, seized by Lloyds Banking Group in an effort to recover '1bn in loans. The deal underscores Carlyle's continued interest in established consumer platforms with digital growth potential. The firm said its ownership will allow Very to accelerate innovation and improve customer engagement in a rapidly evolving online retail market. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE...
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