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Nadhim Zahawi is among the candidates to chair the Liverpool-based online shopping company, fuelling suggestions that he will stand down as an MP at the general election, Sky News learns.
Fashion sales declined 5.9% at the retailer as it posted a £2m loss, with revenue broadly flat.
The Very Group, the retail giant owned by the billionaire Barclay family, has secured a £125m investment as it fell to a half-year loss.
Get ready for Paris Fashion Week Fall 2024 as WWD highlights the new designers to watch: Cynthia Merhej's Renaissance Renaissance, Laduma Ngxokolo's Maxhosa Africa & more.
Fronted by actress Michelle Keegan (pictured) Very sells clothes, shoes and electronics. It enjoyed a pandemic boom but has faded in recent years.