JD.com Explores £2 Billion Acquisition of UK Retailer The Very Group…

Sarah J · 2026-05-29T17:17:23.000Z

Chinese e-commerce giant JD.com is reportedly exploring a potential £2 billion acquisition of British online retail platform The Very Group, signaling another major step in its broader European expansion strategy. According to reports, JD.com is evaluating a takeover of The Very Group, currently owned by private equity firm Carlyle, as the company seeks to strengthen its footprint in the UK’s rapidly growing digital retail market. The Very Group operates major online retail brands including Very and Littlewoods, offering products across fashion, beauty, homeware, electronics, and consumer goods. The retailer has built a strong digital commerce presence in the UK and generated annual revenues exceeding £2 billion in recent years. The potential deal follows JD.com ’s previous attempts to expand in the UK retail sector, including earlier takeover interest in Currys and discussions involving Argos. Industry analysts believe acquiring The Very Group would provide JD.com with immediate access to an established customer base, advanced e-commerce infrastructure, and premium retail categories in Britain. The move also aligns with wider international growth ambitions as the company continues expanding logistics, marketplace, and retail operations across Europe through platforms such as Joybuy and JoyExpress. If completed, the acquisition could intensify competition within the UK’s online retail and beauty sectors while strengthening position against major global e-commerce rivals operating in Europe.

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JD.com Explores £2 Billion Acquisition of UK Retailer The Very Group… | SEINET