High Street

THG and SoftBank abandon plans for £1.6bn investment

The retailer said ‘in light of global macroeconomic conditions’ the deal had mutually been agreed to be terminated

THG has announced the proposed £1.6bn investment for SoftBank into the company has been terminated with immediate effect.
SB Management, a division of SoftBank, took the option to buy a 19.9% holding in THG Ingenuity, the retailer’s technology platform, last May.

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