Shop Direct owners Barclay family consider sale

Skyways House Shopdirect

Source: Shop Direct

Shop Direct could be sold off by its owners the Barclay family as part of a wide-ranging review of its stable of British investments.

Aidan and Howard Barclay, the sons of Sir David Barclay, are analysing the family’s business portfolio, which also includes delivery business Yodel, The Telegraph and Sunday Telegraph newspapers and The Ritz hotel in London.

According to The Times, any of those businesses could be sold off amid efforts to streamline the family’s portfolio and generate capital to buy out some of the family members.

“The family has got a lot bigger over the last three decades. Interests are no longer aligned in the way they once were,” a senior executive close to the Barclays told The Times.

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