A possible £3bn price tag has been suggested for ecommerce giant Shop Direct amid reports that its owners are gearing up for a sale.
Business tycoons the Barclay brothers are reportedly set to begin takeover talks with buyout firms in the coming weeks, Sky News has reported. It said Shop Direct’s management is holding initial meetings with private equity firms including Bain Capital, BC Partners and Permira, which could lead to the sale of all or part of Shop Direct.
Shop Direct operates the Littlewoods, Very and Very exclusive brands. The Barclay brothers are said to be seeking bids that represent an enterprise value of £3bn.
It was reported in February that the Barclay brothers were considering a sale of the retailer, and these new reports mark the first stage of the process.