If true, the move would follow JD.com’s previous efforts in the UK, including its failed takeover bid for electrical group Currys and its decision last year to abandon talks to acquire Argos from Sainsbury’s.
Both JD.com and The Very Group declined to comment on the speculation.
News from heavenwhich was first to report on the rumours, said Carlyle, the owner of The Very Group, was weighing up selling the business for around £2bn, an option it began exploring a few months after taking control and ending the Barclay family’s long-standing involvement.
The potential JD.com bid also comes as a recent analysis by GlobalData highlights ongoing weakness in The Very Group’s fashion division, even as the retailer’s overall sales have returned to growth.
According to GlobalData retail analyst Ashley Adeyemi, the retailer must improve its fashion offering to remain competitive against fast fashion competitors.
In the third quarter of fiscal 2026, The Very Group reported a 0.3% increase in total revenue to £1.61 billion, compared to £1.6 billion in the same period a year earlier, with growth in its UK retail and financial services businesses.
The company reported a 4.5% drop in fashion and sports sales for the 39 weeks to March 28, 2026.
Adeyemi stated that the fashion segment continues to “drag the category into negative territory.”
Earlier this year, the company announced that it had expanded and renewed its main credit facilities, securing financing until at least 2029. In April, The Very Group appointed Edward Fry as its permanent chief financial officer, following a period as interim chief financial officer from September 2025.
“China’s JD.com considers $2.7 billion bid for The Very Group” was created and originally published by Just Style, a brand owned by GlobalData.
The information contained on this site has been included in good faith for general information purposes only. It is not intended to be advice on which you should rely, and we make no representation or warranty, whether express or implied, as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action based on the content on our site.