Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Barclay brothers ‘set to sell or list Shop Direct’

The Barclay brothers are looking to cash in on record festive trading at their retail business Shop Direct by offloading a significant stake of the £2bn firm, it has been reported.

Sky News said the brothers, who also own The Telegraph, will finalise plans with advisers in the coming weeks, to pursue either a sale or a stock market listing.

Sources told the news service Sir David and Sir Frederick Barclay were still considering a range of options but were “almost certain” to pursue a Shop Direct transaction.

A spokesman for the Barclay brothers declined to comment on plans to Sky News, and Shop Direct declined to comment when contacted by Drapers.

Shop Direct operates the Littlewoods, Very and Very exclusive brands.

Readers' comments (1)

  • Smart money. Omnichannel retail is beginning to get act in order.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.