03-07-2024 08:30 via retailgazette.co.uk

JD.com eyes bid for Evri

China’s biggest online retailer JD.com is said to be in talks about a potential bid for parcel delivery company Evri.
The British firm, which was formerly known as Hermes UK, drafted in advisors earlier this year to explore its options, including a possible sale of the business that could value it around £2bn.
Evri’s private equity owner Advent took out a dividend of £762m from the business two years after its acquisition and has saddled it with a debt pile of more than &
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