Online retail giant Very Group could be the next big name in line for an IPO with a report that its owners, who also own the Telegraph newspaper, are exploring the potential of a £3 billion+ stock market float.
Very Group, the online giant that used to be known as Shop Direct, has cut 141 jobs as it restructures its head office and its customer care operations to focus even more heavily on the use of technology.
As pressure grows on the UK government to share a lockdown exit plan, retail bosses are seeking clarity over what will happen to the Job Retention Scheme, under which furloughed staff salaries are being paid.
Matchesfashion has poached Amazon executive Ajay Kavan to be its new CEO, replacing Ulric Jerome. He has been a vice-president at Amazon for the past nine years, and will join the luxury fashion retailer on 19 March.