H
recent
H
HOYONEWS
HomeBusinessTechnologySportPolitics
Others
  • Food
  • Culture
  • Society
Contact
Home
Business
Technology
Sport
Politics

Food

Culture

Society

Contact
Facebook page
H
HOYONEWS

Company

business
technology
sport
politics
food
culture
society

© 2025 Hoyonews™. All Rights Reserved.
Facebook page

US private equity giant poised to take over online retailer The Very Group

about 4 hours ago
A picture


The Barclay family is set to lose control of another part of their former business empire with a US private equity firm taking control of online retailer the Very Group.Washington-headquartered Carlyle Group is expected to announce it has taken over the retailer as soon as Monday morning.The change of control will bring to an end more than 20 years under the ownership of the Barclay family, which has been forced to give up a series of businesses – including the Telegraph newspaper, London’s Ritz hotel, and delivery company Yodel – that made them into billionaires, and one of the richest families in Britain.The Very Group’s board, chaired by former Conservative chancellor Nadhim Zahawi, met on Sunday to confirm the change of ownership, according to Sky News, which first reported the move.The Barclay family, led by identical twins David and Frederick, had owned Very since buying it in 2002 – when it was a catalogue retailer known as Littlewoods – for £750m.

That business merged with Shop Direct in 2004.David Barclay died in 2021.However, the Barclay family’s fortunes appear to have worsened in recent years.They lost control of the Telegraph newspapers after the family struggled to repay large loans.Carlyle first became a lender to the Very Group in 2021 with a loan of undisclosed size.

The investor followed that up in 2024 with about £85m out of a £125m debt package,Carlyle’s total financing to the business is thought to be more than £500m,Abu Dhabi-based investment fund International Media Investments (IMI), which also lent to Very, is expected to remain a lender,Sign up to Business TodayGet set for the working day – we'll point you to all the business news and analysis you need every morningafter newsletter promotionVery itself is not thought to be struggling financially,The retailer last month reported increased profitability, with £307m in earnings before interest, taxes, depreciation and amortisation in the year to 28 June.

It made sales of £2,1bn in the year,The Very Group and Carlyle both declined to comment,
sportSee all
A picture

Can Donald Trump really make an NFL team name its stadium after him?

That’s if a well-sourced report from ESPN is to be believed. The US president has apparently let it be known to the ownership group of the Washington Commanders that he wants the team’s new stadium, which is scheduled to open in 2030, to take his name. “It’s what the president wants, and it will probably happen,” a senior White House official told ESPN.Not quite. While the franchise was a dominant force in the 1980s, its last Super Bowl appearance came in the 1991 season

about 6 hours ago
A picture

Carlos Alcaraz up and running at ATP Finals with win over Alex de Minaur

Carlos Alcaraz opened the ATP’s season-ending championships, and the battle for the year-end No 1 ranking, in ideal fashion as he confidently navigated a turbulent opening set before easing to a 7-6 (5), 6-2 win over the seventh seed, Alex de Minaur, in Turin.Alcaraz, the top seed, is attempting to win the ATP Finals for the first time and hold off Jannik Sinner to finish the season as the top-ranked player. Despite ceding significant ground to the Italian in recent weeks by losing to Cameron Norrie in his opening match at the Paris Masters, which Sinner won, Alcaraz still holds a clear advantage this week since the Italian is defending his title from last year. The Spaniard must win all three of his round-robin group stage matches or reach the final in order to secure the top ranking.Although this has been the best season of Alcaraz’s career, he still has much to prove on indoor hard courts where he has so far struggled to replicate his results on other surfaces

about 7 hours ago
A picture

Rob Steen obituary

My friend Rob Steen, who has died of a heart attack aged 67, wrote about sport, particularly cricket, with passion and style.“He was the most irrepressible sports fan of us all,” said the Guardian rugby correspondent Rob Kitson.“He cared more about sports journalism than anyone I’ve met,” a lecturer at Brighton University, where Rob taught, told me.He was perhaps proudest of his contributions to the Guardian spanning, intermittently, from 1988 to 2006, his role as deputy sports editor of the Sunday Times in the mid-1990s, and his long relationships with Wisden Cricketer and Cricinfo.He also wrote accomplished biographies of David Gower (1995) and Desmond Haynes (1993) and, with Alastair McLellan, the groundbreaking 500-1 (2001), about the 1981 Headingley test

about 8 hours ago
A picture

ATP Finals tennis: Carlos Alcaraz defeated Alex de Minaur – as it happened

Carlos Alcaraz began his bid for a first ATP Finals trophy with a 7-6 (5), 6-2 win over Australian Alex de Minaur in their round-robin clash in Turin on Sunday.Alcaraz won his opening ATP Finals match for the first time despite De Minaur’s battling display, where the Australian recovered from 4-1 down to force a tiebreak in the opening set before the Spaniard came out on top.The pair traded breaks of serve at the start of the second set, but Alcaraz broke twice more to again lead 4-1 and this time there was no comeback despite De Minaur’s valiant effort in the opening match of the Jimmy Connors Group.Alcaraz is on course to end the year as world number one, and in Turin he must either reach the final or sweep his round-robin matches to guarantee himself the year-end top spot for the second time. ReutersThat, then, is us, but fear not: we’ve plenty else for you, starting immediately

about 8 hours ago
A picture

Can anyone challenge the Sinner-Alcaraz supremacy? ATP Finals will reveal all

Days before the grand finale of the ATP season in Turin, the Carlos Alcaraz and Jannik Sinner show had already begun. Although the two rivals are locked in battle to determine the year-end No 1 ranking, rumours swirled early on Friday morning that they were scheduled to train together. Sure enough, that afternoon they entered the stadium court side-by-side and they were greeted by deafening roars from a significant crowd.The practice set that followed garnered as much attention as many matches this year. Thousands of viewers tuned in to watch the live stream, then highlights were swiftly available afterwards

about 14 hours ago
A picture

America’s men’s grand slam drought is not Taylor Fritz’s burden to carry

Back at the ATP finals one year after reaching the last hurdle, Fritz remains a top-five talent. It’s a reminder that a certain major-title drought is not his burden to bearI would like to have some words with ESPN broadcaster Chris Fowler about what he said after Novak Djokovic beat Taylor Fritz, for the 11th straight time, in the US Open quarter-finals. Look – Fritz is American, Fowler is American – and sports often lend themselves to nationalism. A little bit of disappointment was appropriate. Instead, Fowler invoked the continued drought of American men at the majors: none of them had lifted a trophy since Andy Roddick in 2003, and Fritz had been the last one standing in the tournament

about 14 hours ago
cultureSee all
A picture

Seth Meyers: ‘Trump has no idea what regular people are going through and he doesn’t care’

2 days ago
A picture

Seth Meyers on Mamdani’s win: ‘The kind of energy Democrats have been desperately seeking for years’

3 days ago
A picture

Garden shed of vaccine pioneer Edward Jenner added to heritage at risk register

4 days ago
A picture

Miss Piggy movie on way from Jennifer Lawrence, Emma Stone and Cole Escola

4 days ago
A picture

Colbert on Pelosi calling Trump a vile creature: ‘You know who agrees? Most Americans’

4 days ago
A picture

De Niro to JLaw: should celebrities be expected to speak out against Trump?

5 days ago