Waterstones owner Elliott Advisors is reportedly among several parties eyeing up a potential takeover of The Very Group.
It was first reported that the owner of online retailer The Very Group, investment firm Carlyle, was looking to sell it back in January after purchasing the group in November 2025.
Last month, it was reported that Chinese giant JD.com, which owns Joybuy, was also showing interest in acquiring Very. The retailer is said to be valued at about £2bn.
Elliott and JD.com both made attempts to take over Currys in 2024, and Sky News reported that Elliott has expressed initial interest in a deal for The Very Group.
It also arrives at a time when the investment firm is planning for a London stock market flotation of Waterstones and Barnes & Noble.
The Very Group reported last month that losses deepened in the third quarter to £82.1m in the 39 weeks to March 28, while sales were flat.
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