"Private equity giant Carlyle has thrown a £150m lifeline to online retailer Very - just as mounting debt threatens to sink the company. Sources say the refinancing deal will keep Very afloat, giving breathing space to a business grappling with sky-high borrowing costs, fierce competition, and a cash-strapped consumer market. An insider commented: "Without this deal, Very could have faced serious trouble. Carlyle is betting big to save its investment - the stakes couldn't be higher.""
"The retailer, already under pressure from previous buyouts and rapid expansion, now relies on this injection to stabilize operations and keep its doors open. Analysts warn that while the deal eases immediate strain, long-term survival will depend on sales recovery and careful management of its £hundreds-of-millions debt pile. This dramatic move mirrors a trend among PE-backed retailers, scrambling for funding to weather post-pandemic shocks and the squeeze on UK shoppers' wallets."
Carlyle provided a £150m refinancing to online retailer Very as mounting debt threatened the business. The injection is intended to keep Very afloat and provide breathing space while the retailer faces sky-high borrowing costs, fierce competition, and a cash-strapped consumer market. Very had been under pressure from previous buyouts and rapid expansion and now relies on the funding to stabilize operations and remain open. Analysts caution that long-term survival hinges on sales recovery and careful management of the retailer's £hundreds-of-millions debt pile. The move reflects a broader pattern of PE-backed retailers seeking funding amid post-pandemic pressures and squeezed UK shoppers.
Read at London Business News | Londonlovesbusiness.com
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