Tag : Littlewoods
Shop Direct on verge of £150m refinancingSubscription
The Barclay brothers, owners of Shop Direct, are said to be on the verge of securing £150m of financing to alleviate the etail group’s troubles.
Group revenue at Shop Direct was up 3.7% year on year for the seven weeks ended 28 December 2018, driven by strong clothing and footwear sales and overall growth at Very.
Derek Harding to leave Shop DirectSubscription
Shop Direct’s group finance director Derek Harding will leave the business early next year.
Henry Birch, CEO, Shop DirectSubscription
Birch took his role at Shop Direct, which owns brands including Very and Littlewoods, in May, following Alex Baldock’s departure.
Shop Direct profits boosted by VerySubscription
Shop Direct, which owns online retailers including Very and Littlewoods, has announced an 11% increase in EBITDA to £262.3m and a 9.5% rise in operating profit to £224.6m, for the year to 30 June, driven by strong sales at Very.com.
Group revenue at Shop Direct jumped by 6.3% in the seven weeks to 22 December 2017, driven by a strong performance from lifestyle site Very and electricals.