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

US firm tables bid for Shop Direct

San Francisco-based private equity company Hellman & Friedman has become the latest to table an offer for ecommerce giant Shop Direct.

Hellman & Friedman is reported to have placed a £2.5bn offer for the company, The Sunday Times reports. The former owners of New Look, Apax Partners, are currently thought to be the front runners in the sale.

Shop Direct was put on the market by its owners, the Barclay Brothers, for £3bn earlier this year. However, city analysts are reported to have said that the asking price for the company, which encompasses Very and Littlewoods, is unlikely to be reached, as a result of declining customer demand and high interest rates charged on consumer purchases.  

Shop Direct declined to comment on the reports.

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.