The house procuring group behind style manufacturers resembling Merely Be and Jacamo, obtained a takeover proposal from Very Group shortly earlier than it agreed to be taken non-public by a member of its founding household.
Sources mentioned the supply was lodged at a reduction to the 40p bid that N Brown’s board really helpful this week from Joshua Alliance.
There was no suggestion on Friday that Very Group was getting ready to return with the next supply.
The £191m take-private of N Brown despatched shares within the firm sharply increased after it was introduced on Thursday morning.
Very Group is alleged to have been all in favour of a mixture with it for a while.
Very Group is owned by the Barclay household, which has been pressured to relinquish management of The Every day Telegraph and The Spectator journal within the final 18 months.
Each Very Group and N Brown declined to remark.
