Ingenuity
This coverage examines THG Ingenuity’s role as an e-commerce and fulfilment platform serving retail brands in the UK and beyond. Reporting focuses on strategic partnerships, technological developments, leadership moves, and operational performance. Designed for retail executives, digital managers, and brand owners evaluating platform solutions, logistics capabilities, and competitive positioning in the online retail ecosystem.
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Feb- 2025 -18 FebruaryOnline & Digital
THG Studios appoints new senior vice president
Creative agency THG Studios has appointed Richard Aldiss as senior vice president, to spearhead growth. His appointment will see THG Studios build on its growth in 2024, which saw the agency craft campaigns for the likes of Toblerone, ASDA, Disney, and Sky Bet’s The Overlap, along with the launch of…
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Jan- 2025 -29 JanuaryNews-In-Brief
Today’s news in brief-29/1/25
Lord Wolfson, CEO of Next and Conservative peer, has leveraged his House of Lords position to propose amendments phasing in upcoming National Insurance (NI) reforms. The budget measures, effective April, will raise employers’ NI contributions from 13.2% to 15% and lower the secondary threshold to £5,000 annually. Wolfson supports staggered…
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29 JanuaryHealth & Beauty
Frasers ups stake in THG to 4.8%
Mike Ashley’s Frasers Group has upped its stake in THG to 4.8% as it continues investing in a number of UK retailers. The group now holds 63,156,741 voting rights in the company. The news comes after THG received a £10m strategic investment from Frasers Group to fund the demerger of…
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23 JanuaryHealth & Beauty
THG hits FY expectations despite Q4 sales decline
THG has reported a decline in Q4 sales across some divisions, but remains on track to meet full-year expectations having officially completed the demerger of Ingenuity. For the period ended 31 December 2024, THG experienced a 2.6% fall in revenues to £552.4m. While MyProtein sales fell by 5% in Q4,…
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21 JanuaryNews-In-Brief
Today’s news in brief-21/1/25
Aldi has announced a significant pay increase for its store assistants, setting a new minimum hourly rate of £12.71, rising to £14.00 within London’s M25 area, effective from March 1. This move reaffirms Aldi’s position as the highest-paying supermarket in the UK, exceeding the Real Living Wage standards. The retailer…
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21 JanuaryPeople Moves
THG Ingenuity appoints new CCO
THG Ingenuity has announced the appointment of Lucy Cooper as the new chief commercial officer. Cooper will play a pivotal role in driving THG Ingenuity’s ambitious growth agenda as it embarks on its next chapter following the demerger from THG PLC. She brings over 15 years of experience in growth…
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Oct- 2024 -11 OctoberNews-In-Brief
Today’s news in brief-11/10/24
Ikea reported a 5.3% decline in retail sales to €45.1bn (£37.7bn) after implementing significant price reductions across 63 markets. Despite the sales decrease, the strategy led to a 4.5% increase in store visits and a notable 21% rise in online traffic, driven by heightened consumer demand. This period also saw…
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11 OctoberOnline & Digital
THG raises £95m to fund Ingenuity demerger
THG has raised over £95m to fund the demerger of its Ingenuity arm, which is set to become a standalone and independent company, after receiving “strong support” from new investors and existing shareholders.The oversubscribed and upsized fundraise of £95.4m comes as existing shareholders contributed around £50m, while CEO Matthew Moulding…
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Sep- 2024 -20 SeptemberNews
THG Fulfil partners with CDS Superstores
THG Fulfil, the industry-leading global fulfilment solution from THG Ingenuity, has partnered with CDS Superstores to deliver fulfilment and courier management services for the home, leisure and garden retailer. The partnership agreement is part of CDS Superstores ongoing digital acceleration, delivering transformation across technology to enhance its omni-channel offer. CDS…
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17 SeptemberNews
Today’s news in brief-17/9/24
THG (The Hut Group) has announced plans to potentially demerge its technology arm, THG Ingenuity. This move follows the group’s interim results for the half-year ending June 30, 2024, which showed a 1.6% rise in adjusted EBITDA despite a 3.6% decline in year-on-year sales. THG Ingenuity saw a notable 12.6%…
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