Saturday, February 23, 2019

Barclay brothers plan £2bn share sale of Shop Direct


The Barclay brothers plan to cash in strong festive trading at their retailer Shop Direct by selling off a £2 billion chunk in the business.

According to Sky News, the reclusive moguls will reach a decision on whether to list the company on the stock market, or make a partial sale to a private investor.

Shop Direct, which also owns online retailers and, was one of the top performers over the Christmas trading period with a nine per cent rise in year-on-year sales.

READ MORE: Shop Direct enjoys 5th consecutive year of growth from Christmas

The brothers are reportedly “almost certain” to make a sale, according to sources, but they’re still in the process of deciding the best course of action.

Should the company be offered to the stock market, the brothers could make millions while keeping control of the company, although this would be an unexpected move.

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