JD.com Weighs £2.1bn Bid for The Very Group as Fashion Sales Slump
JD•JD.com is considering a £2.1bn ($2.7bn) bid to acquire UK retailer The Very Group, whose Q3 revenue rose 0.3% to £1.61bn but saw a 4.5% drop in fashion and sports sales. The Very Group secured debt facilities through 2029 and appointed Edward Fry as permanent CFO.
1. Potential Acquisition Plans
JD.com is considering a £2.1bn offer for UK retailer The Very Group, marking its latest bid to expand in Britain after previous attempts to acquire Currys and Argos fell through. Neither JD.com nor The Very Group has provided official comment on the speculation.
2. The Very Group Financial Profile
In its third quarter of fiscal 2026, The Very Group reported a 0.3% increase in total revenue, reaching £1.61bn, while its fashion and sports segment saw a 4.5% year-on-year decline, highlighting a key area of underperformance within the business.
3. Debt Facilities and Leadership Update
The Very Group recently extended and renewed its main debt facilities, securing funding until at least 2029, and in April named Edward Fry as permanent chief financial officer after serving in an interim capacity since September 2025.
