JD.com considers £2bn bid for UK online retailer Very Group – report
Key takeaways
- JD.com considers £2bn bid for UK online retailer Very Group – report JD.com has been attracting regulatory scrutiny in Europe over separate deal activity.
- Having been a long-standing creditor to the business, Carlyle assumed control for a nominal £1 following the appointment of PricewaterhouseCoopers to manage the insolvency of VGL Holdco in November.
- Carlyle had previously committed several hundred million pounds to Very Group s capital structure, including an £85m injection in 2024, building on an initial investment made in 2021.
JD.com considers £2bn bid for UK online retailer Very Group – report JD.com has been attracting regulatory scrutiny in Europe over separate deal activity. Credit: Sergei Elagin / Shutterstock.com. · Retail Insight Network · Sergei Elagin / Shutterstock.com. Shubhendu Vimal Tue, May 26, 2026 at 3:57 PM GMT+7 2 min read JD Chinese e-commerce company JD.com is weighing a potential offer for UK online retailer The Very Group in a transaction that could be worth approximately £2bn ($2.70bn), Sky News reported.
Operating under the Very and Littlewoods brands, The Very Group is preparing to enter a formal auction after undergoing a financial restructuring that handed ownership control to US private equity company Carlyle earlier this year.
Having been a long-standing creditor to the business, Carlyle assumed control for a nominal £1 following the appointment of PricewaterhouseCoopers to manage the insolvency of VGL Holdco in November.