Online shopping giant Very Group could be floated on the London Stock Exchange next year which might net a £4bn payday for the billionaire Barclay family, it has emerged.
The owners of the Merseyside-headquarter firm has appointed STJ Advisors, which works with companies ahead of public listings, to prepare Very Group for a potential stock market debut.
The family have previously reviewed the ownership structure of Very Group but this is the first time advisors have been appointed, BusinessLive understands.
The Barclay family, who are also behind the Daily and Sunday Telegraph as well as Yodel, has owned Very Group - formerly Shop Direct - for nearly 20 years.
The site sells clothing, electrical goods and toys, among other categories.
Full-year results for the 12 months to the end of June 2020 revealed a revenue of more than £2bn for the first time.
A spokesman for the company declined to comment.
In March this year the group revealed it had totally transformed its Merseyside campus HQ as the return to offices edged closer.
A total of 2,100 Liverpool-based employees will benefit from the work once Covid restrictions allow offices to return.
