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Investment group Carlyle takes control of Very Group from Barclay family

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Investment group Carlyle takes control of Very Group from Barclay family


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November 10, 2025

The Very Group is under new ownership. The former Shop Direct, which owns Very and the legacy Littlewoods e-tail businesses, is now controlled by its major lender, global investment firm Carlyle. Another lender, Abu Dhabi-based media group IMI, is continuing as “a key stakeholder”.

Very.co.uk

The company said it’s “a positive outcome for The Very Group, providing it with a strengthened capital base and enhanced financial flexibility to support investment in its long-term growth plans”. 

It also “underscores Carlyle and IMI’s confidence in The Very Group, its management team, leading brand position, strategy and long-term growth potential, having supported the business since 2021”.

Carlyle and IMI will now “support the company’s management team to continue to deliver against its strategic priorities, including driving innovation and leveraging technology and data to improve its customer offering”.

It means the former owners, the Barclay family, will no longer have any involvement in the business after controlling it for over 20 years. It’s been in control during the period in which Very Group morphed from a traditional catalogue-based retailer to one of the UK’s biggest online business. 

Very Group, which is chaired by Nadhim Zahawi, the former Conservative Chancellor, has annual revenues of over £2 billion and it serves 4.4 million customers.

The Barclay family had tried to sell the business before and while no information was given about the value of the latest transaction, one report speculated on a valuation of around £2.5 billion, which is less than the Barclays had previously hoped for.

The family has lost control of a number of its businesses in recent periods after struggling to pay off major loans. Carlyle and IMI first became involved with Very earlier this decade as they lent major sums to the group.

But Very itself is believed to be in good financial shape. Last month it reported results for the year to June and while they included a pre-tax loss of £505.4 million, that was caused by a write-down of an inter-company loan made to the Barclay family’s holding company as lenders prepared to take over the business.

Other figures were more positive with an increase in adjusted earnings before interest, taxes, depreciation and amortisation of 15.9% to £307.1 million and an adjusted EBITDA margin that rose to 14.7% from 12.5%. That was the highest earnings margin it has ever achieved. While revenue dipped slightly, its focus on more profitable sales was what boosted the margin.

On Monday, Very CEO Robbie Feather said the new ownership deal “marks an important milestone for The Very Group as we move into an exciting new phase of growth. We are delighted to continue to partner with Carlyle and IMI. Their continued backing provides us with a stronger foundation to execute on our strategy, increase investment in technology and the customer experience, and to build on the momentum across the business”.

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Asics launches global ‘Move Your Body, Move Your Mind’ campaign

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Asics launches global ‘Move Your Body, Move Your Mind’ campaign


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January 14, 2026

​Japanese activewear brand Asics has unveiled its new global brand campaign ‘Move Your Body, Move Your Mind’ that tunes into the motivation that tends to kickstart New Year fitness ambitions.

Asics

Accompanied by a reimagined version of The Beach Boys’ timeless hit ‘Good Vibrations’ the campaign reinforces Asics’ “75-year commitment to the transformative power of movement for physical and mental wellbeing”.

The campaign launches with running and tennis-focused films highlighting how a run or match can positively lift our mood and transform the world around us.

The campaign launches across digital, social, broadcast, and retail channels in key markets worldwide and will be supported by community activations “that encourage people to experience the uplifting power of movement firsthand”.

And if we needed any further motivation, Asics’ commitment to movement for body and mind is backed by extensive research, including studies showing that even 15 minutes of exercise may lift our mental state.

Gary Raucher, Global head of Marketing at the brand, said: “For over 75 years, Asics has been committed to helping more people move so they can feel better. It’s the reason we were founded and why we’re called Asics – an acronym for Anima Sana In Corpore Sano, or Sound Mind in a Sound Body. This campaign brings our founding principle to life in a way that inspires everyone to experience the uplifting power of movement, because when you move your body, you move your mind.”

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Louis Vuitton unveils architectural and culinary landmark in Beijing

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Louis Vuitton unveils architectural and culinary landmark in Beijing


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January 14, 2026

LVMH is doubling down on China, having opened several major flagships in the country in December. Encouraged by early indicators of a luxury sales rebound, the group is weighing further expansion to capitalise on China’s economic recovery.

The new Louis Vuitton store’s façade is treated as an elegant, sparkling, and translucent “garment” rather than a mere shell – Louis Vuitton

Following the success of its ship-shaped flagship in Shanghai opened mid-2025, the key LVMH brand has pivoted its strategic focus toward ‘hyper-physical’ immersive retail environments, deep-rooted cultural synergy, and the scaling of high-impact regional flagships. With the opening of its new emblematic building in the vibrant heart of Sanlitun, Beijing, Louis Vuitton has set another global benchmark for luxury retail and architecture. 
 
Architecture and fashion dialogue

As Louis Vuitton’s long-standing architectural partner, Jun Aoki envisioned a space that harmoniously balances local cultural heritage with a sense of global openness. The initial inspiration for the façade was the Taihu Stone, which is central to traditional Chinese garden design. 
 
“Beijing is a city of ‘transplanted’ nature, where the mountain’s spirit lives within the scholar’s rock,” architect Aoki Jun told FashionNetwork.com. “We envisioned this store as a stone found in such a garden, shaped by the four ancient principles of traditional Chinese scholar’s rock appreciation: the slenderness of Shòu(瘦) establishing the store’s upright and poised character; the rhythmic wrinkles of Zhòu(皱)imbuing the walls with a rugged, rock-like texture; the hollowed depth of Lòu(漏)creating intriguing pathways and framed vistas; and the luminous transparency of Tòu(透)ensuring the essential light and openness for a commercial space. It is more than a structure; it is a condensed landscape.”
 
The design also takes its inspiration from a Nicolas Ghesquière dress presented during a Louis Vuitton spring/ summer show in 2016, illustrating the fertile dialogue between architecture and fashion at the maison. The façade is treated as an elegant, sparkling, and translucent “garment” rather than a mere shell.
 
An immersive experience with gastronomy
 
The excellence of the building continues inside, where the retail space extends over four levels. It offers the entirety of the Louis Vuitton universe, including men’s and women’s leather goods, ready-to-wear, jewellery, shoes, perfumes, beauty, accessories, and the new Maison collection. Four private lounges are dedicated to the exclusive experience of Very Important Clients.  

The LV Café embodies the maison's desire to offer guests a complete and immersive lifestyle experience, intertwining design, culture, and gastronomy
The LV Café embodies the maison’s desire to offer guests a complete and immersive lifestyle experience, intertwining design, culture, and gastronomy – Louis Vuitton

The interior architecture, conceived by the maison’s Architecture Studio, focused on sequencing spaces and creating superimposed voids to generate surprising vertical perspectives and total immersion in natural light. The customer’s journey is thus a constant mix of viewing the brand’s extensive product offer and contemplating the façade’s delicate lace.
 
Summiting the building is the very first Louis Vuitton Café in Beijing. This space, set to become a new urban meeting point and a place of openness to the city, is completed with a private dining room and a remarkable 250 square metres of outdoor spaces, including a rooftop event bar. The Café embodies the maison’s desire to offer guests a complete and immersive lifestyle experience, intertwining design, culture, and gastronomy. 
 
Pivot to emotional retail
 
The era of pure acquisition has been superseded by a new focus in modern luxury, according to Bain & Company senior partner Bruno Lannes. He states that intangible experiences and deep emotional connections now hold the primary power to drive growth. As a result, physical retail requires a fundamental transformation: brands must concentrate resources on fewer, grander flagships that serve as sanctuaries for delivering powerful emotion, sensory immersion, and tailored personal engagement, rather than just being points of sale.
 
This philosophy is powerfully manifested in the architecture of Louis Vuitton’s new Beijing building. “Beijing represents a fascinating ‘centrality’- it accepts the world’s influences yet organises them into a logic that is purely its own,” said Aoki Jun. “As brands like Louis Vuitton move toward a holistic lifestyle offering, they must protect the ‘vibration’ of the destinations they inhabit.”
 
Betting on a market resurgence, Louis Vuitton is preparing for a bold new chapter in 2026. This vision was reinforced by LVMH CEO Bernard Arnault’s frequent presence in China in 2025, where he championed a strategy of cultural synergy. By scouting local craftsmanship and integrating Chinese heritage into its design DNA, the brand has transformed its flagships into emotive landscapes that offer more than just products-they offer a deep, immersive connection to the local soul. 
 
Moving beyond its role as a traditional luxury supplier, Louis Vuitton is emerging as a pioneer of a comprehensive lifestyle offering. By weaving its heritage of travel into the realms of dining and cultural dialogue, the brand is embarking on a transformative second chapter in China.
 
By Sissi Chu
 

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Ron Dorff moves UK flagship from Seven Dials to Soho

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Ron Dorff moves UK flagship from Seven Dials to Soho


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January 14, 2026

London’s Soho continues to be a magnet for international brands and major landlord Shaftesbury Capital has just announced that Ron Dorff, the French-Swedish menswear label, is to launch a new UK flagship store there at 32 Berwick Street. 

Ron Dorff

It covers a 600 sq ft space offering the label’s menswear and accessories, including sportswear, loungewear, underwear, and swimwear. 

The 11-year-old brand focuses on “upgrading iconic menswear staples” and the area is a strong one for menswear generally. It’s just around the corner from Regent Street where consumers can find menswear from Gant, Hackett, Reiss, COS, Boss, Levi’s, Tommy Hilfiger, Paul&Shark and more.

Meanwhile, on Berwick Street itself and other nearby streets there’s Ben Sherman, Wax London, &Sons, END., Wolf & Badger, Sunspel, and Farah, among others.

That all gives Ron Dorff a guaranteed amount of visitor traffic.

The relationship between Ron Dorff and Shaftesbury Capital began 10 years ago, when the latter supported the brand into physical retail with a first-ever UK store, on Earlham Street in Seven Dials. In relocating to Berwick Street, Ron Dorff now sits opposite fellow Scandinavian-inspired retailers Sandqvist and Nudie Jeans.

William Oliver, Director of Retail & Restaurant Leasing at Shaftesbury Capital, said: “Our approach to leasing is thematic – we look at a space, and the location in which it sits, and think about what type of brand would be most successful there. Having worked with Ron Dorff for 10 years, we have a deep understanding of their operation, and customer base. When we looked at 32 Berwick Street, it was clear that a premium menswear brand of that calibre would suit the space perfectly, and it’s a success story for our West End portfolio that we’ve been able to relocate them, providing a fresh opportunity but ensuring they can continue to make the most of a high footfall, ever-popular shopping district.”

And Ron Dorff founder and CEO Claus Lindorff added that while the label is stocked in other stores, “having a standalone location is so important for our brand recognition and for our customers that love shopping pure Ron Dorff collections. When we were approached about moving to Berwick Street, seeing the other brands here and those that also relocated recently for new flagships, we could see the opportunity, and are delighted to be in this part of the West End”.

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