Online shopping giant Very Group could be floated on the London Stock Exchange next year which might net a £4bn payday for the billionaire Barclay family, it has emerged.
The owners of the Merseyside-headquarter firm has appointed STJ Advisors, which works with companies ahead of public listings, to prepare Very Group for a potential stock market debut.
The family have previously reviewed the ownership structure of Very Group but this is the first time advisors have been appointed, BusinessLive understands.
The Barclay family, who are also behind the Daily and Sunday Telegraph as well as Yodel, has owned Very Group - formerly Shop Direct - for nearly 20 years.
The site sells clothing, electrical goods and toys, among other categories.
Don't miss a thing - sign up for your free North West newsletter - and follow us on LinkedIn
Email newsletters
BusinessLive is your home for business news from around the North West- and you can stay in touch with all the latest news from Greater Manchester, Liverpool City Region, Cheshire, Lancashire and Cumbria through our email alerts.
You can sign up to receive daily morning news bulletins from every region we cover and to weekly email bulletins covering key economic sectors from manufacturing to technology and enterprise. And we'll send out breaking news alerts for any stories we think you can't miss.
Visit our email preference centre to sign up to all the latest news from BusinessLive.
For all the latest stories, views, polls and more - and the news as it breaks - .
Full-year results for the 12 months to the end of June 2020 revealed a revenue of more than £2bn for the first time.
A spokesman for the company declined to comment.
Most Read
In March this year the group revealed it had totally transformed its Merseyside campus HQ as the return to offices edged closer.
A total of 2,100 Liverpool-based employees will benefit from the work once Covid restrictions allow offices to return.