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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Apr- 2024 -10 AprilHealth & Beauty
THG losses narrow as boss hails improved Q4 revenues
LookFantastic and MyProtein owner, THG, has reported that its losses before tax have narrowed to £252m during the year ending 31 December 2023 from £549.7m in the year prior. The news comes despite total group revenues falling 8.4% after the group’s decision to “discontinue loss-making categories”. In addition, the group’s…
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Feb- 2024 -12 FebruaryNews
Ingenuity appoints Alistair Crane as chairman
Ingenuity, the complete commerce business of THG plc, has appointed technology and payments entrepreneur Alistair Crane as its first chairman to support plans to accelerate growth in core markets including the US. Crane, who joined THG on 2 January, is currently chief executive of digital career coaching business Bloom, has…
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Jan- 2024 -29 JanuaryNews
Today’s news in brief-29/1/24
The UK experienced a significant increase in business administrations, with the retail sector being the hardest hit, accounting for 19% of the total administrations. This information comes from a study conducted by full-service law firm Shakespeare Martineau. The year saw a total of 1,641 businesses filing for administration, a 22%…
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29 JanuaryHealth & Beauty
THG to cut 160 jobs across three departments
THG has plans to cut 160 jobs across its marketing, sales and warehouse departments, The Times has reported. It is understood that roughly 60 marketing and sales roles are due to be dismissed at the retailer’s online and tech business. In addition, the group plans to cut the remaining 100…
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16 JanuaryNews
Today’s news in brief-16/1/24
Card Factory reported a 10% increase in total sales for the 11 months ending December 2023, reaching £476.9m, driven by robust Christmas trading. The like-for-like (LFL) store revenue surged 7.8% in November and December, attributed to increased transactions and higher average basket values. The Store Evolution Programme positively impacted space…
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16 JanuaryNews
THG sees Q4 revenue growth amid Holland & Barrett partnership
THG has reported a 1.1% revenue increase to £597m during Q4 2023, driven primarily by the beauty and ingenuity divisions. The group’s beauty business built on “positive” Q3 exit momentum, delivering Q4 revenue growth of 2.6%. Performance in the UK (over half of total Beauty revenue) was especially strong, delivering…
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Dec- 2023 -7 DecemberHealth & Beauty
Kelso ramps up THG break-up campaign
Activist THG shareholder Kelso has reportedly ramped up its campaign for THG to confirm its plans to diverge the three arms of its business, according to The Times. Kelso has written to THG’s board of directors to request a stock market statement containing the proposals relating to the de-merging of…
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5 DecemberNews
THG acquires skincare brand Biossance
THG has agreed to acquire skincare brand Biossance from US biotechnology group Amyris Inc for a maximum consideration of $20m (£15.8m). Since inception in 2015, Biossance has generated global revenues of $300m (£237m) and is currently stocked in over 1,600 stores globally including Sephora, Harrods, Space NK, Douglas and Selfridges…
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Oct- 2023 -18 OctoberNews
THG commerce division Ingenuity strikes deal with L’Oréal
Ingenuity, the complete commerce division of THG plc, has signed a deal with L’Oréal to manage the direct-to-consumer (DTC) activities for two of L’Oréal Groups’ luxury division brands in North America. The agreement concluded between L’Oréal International Distribution and Ingenuity will leverage Ingenuity’s complete commerce solution of technology, operations and…
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17 OctoberOnline & Digital
THG maintains guidance following steady Q3
THG has maintained its full-year revenue and EBITDA guidance after welcoming its best quarterly revenue performance in the last year. Q3 revenues were still down by 4.4% against the prior year, but its performance improved each month in the quarter. The group also returned to positive constant currency revenue growth…
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