Nadhim Zahawi Appointed Chairman of Very Group Amid Corporate and Political Transitions

Former UK Chancellor Nadhim Zahawi takes the helm at Very Group, signaling a strategic shift for the debt-laden retailer following his political career.

Nadhim Zahawi steps into the role of non-executive chairman at Very Group shortly after resigning as MP, replacing interim chairman Aidan Barclay.
The appointment comes during a financially turbulent period for Very Group, which is actively seeking fresh investment and reviewing its capital structure.
Zahawi's political background includes key roles such as Chancellor and Conservative Party chairman, adding a high-profile leadership to the retailer.
Very Group, owned by the Barclay family, faces significant debt challenges but remains a major player in the UK's online retail market.
The retailer's strategic focus may include expanding into new markets and securing additional funding to bolster its growth amidst ongoing financial struggles.