Reports are that the Barclay family have appointed Clearwater International to undertake a strategic review of its delivery business Yodel in preparation for either an outright sale of the business or entry into a joint venture arrangement.
This is deemed to be something of a fire sale following the takeover of the Barclay family’s Telegraph Media Group (TMG) by Lloyds Bank, following a dispute over borrowings. Lloyds placed TMG in receivership and it is understood that a sale process for the Telegraph and the Spectator will be underway soon.
The Barclay family still own Very (formerly Shop Direct & Littlewoods).
Watch this space.
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