Very Group plans £2bn auction launch

Very Group owner Carlyle is reportedly planning to sell the business for £2bn after its acquisition from the Barclay family last year.
The private equity firm is lining up Barclays and JP Morgan to handle the sale of the company, Sky News reported, which is expected to commence imminently.
The Barclay family previously drawn up a series of plans to offload the etailer.
The proposal to carry out an “immediate” sale process of Very Group was disclosed in a Companies House filing