THG
This coverage examines THG’s (The Hut Group) operations and strategy within the UK retail and e-commerce sectors, focusing on brand portfolio management, technology platforms, logistics, financial performance, and leadership decisions. Reporting provides insight into how THG scales its digital and consumer goods businesses — supporting executives, managers, and professionals in e-commerce, health, beauty, and technology-driven retail.
-
Mar- 2023 -13 MarchHigh Street
UK retailers reassure investors amid Silicon Valley Bank collapse
UK retailers THG, Moonpig, and Naked Wines have moved to reassure investors of their financial security following the collapse of US-based Silicon Valley Bank (SVB) last Friday (10 March). The news comes after SVB was shut down by US regulators on Friday, with its UK arm thought to have around…
Read More » -
Jan- 2023 -24 JanuaryPeople Moves
THG names Damian Sanders as CFO
THG has named Damian Sanders as its new chief financial officer (CFO), who assumes the role with immediate effect. Sanders takes over from John Gallemore, who has been appointed chief operating officer (COO), and his appointment follows an “extensive” search both internationally and domestically. According to the group, Sanders has…
Read More » -
17 JanuaryOnline & Digital
THG lowers profit guidance as it launches new strategy
THG has revealed it now expects its EBITDA to come in between £70m-£80m, down from £100m-130m, due to lower full-year sales outturn. During the full-year period ended 31 December 2022, the online retail group said the guidance comes despite record sales of £2.25bn, boosted by +9.4% increase in THG Beauty…
Read More » -
Dec- 2022 -20 DecemberHealth & Beauty
Can beauty retailers remain resilient through the winter?
With endless economic and political uncertainty permeating the industry, it’s been hard to predict which category of retailers will fare better than others, but one thing is certain: the health and beauty industry has weathered the storm better than others. Most recently, THG reported “stable and consistent” consumer trading during…
Read More » -
8 DecemberOnline & Digital
THG partners with Bynder for new digital asset management platform
THG Ingenuity, THG’s proprietary technology platform specialising in taking brands direct-to-consumers (DTC) globally has partnered with Bynder, a global leader in digital asset management (DAM). The partnership will support THG Ingenuity clients in delivering personalised digital experiences at scale across all stages of a multi-channel buyer journey. Brands can now…
Read More » -
Oct- 2022 -25 OctoberOnline & Digital
THG welcomes resilient Q3 and maintains FY guidance
THG has welcomed a “resilient” Q3 as revenues grew by 2.1% in the quarter ended 30 September, while THG Beauty and THG Nutrition reported growth of 4.9% and 2.9%, respectively. It comes as consumer behaviour during the third quarter remained “stable and consistent” despite current economic uncertainties, according to the…
Read More » -
18 OctoberHealth & Beauty
SoftBank offloads THG stake to founder Matt Moulding
Tokyo-based investment management company, Softbank Group, has reportedly offloaded its entire stake in the UK ecommerce company THG, after its co-founder and chief executive, Matt Moulding, agreed to buy the remaining 12.8m shares. The news follows Softbank’s decision to liquidate its internal hedge fund after the company bought an 8%…
Read More » -
Sep- 2022 -15 SeptemberOnline & Digital
THG losses widen despite revenues passing £1bn
THG has revealed its losses widened to £89.2m in the first half of the year to 30 June, despite seeing revenues surpass £1bn. The online retailer said the loss reflected “consumer price protection investment strategy”, however its medium-term guidance reiterated with cost efficiencies and commodity price improvements should support margin…
Read More » -
Jul- 2022 -27 JulyHigh Street
THG and SoftBank abandon plans for £1.6bn investment
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. However, The retailer said that “in light of global…
Read More » -
Jun- 2022 -16 JuneHealth & Beauty
THG rejects ‘undervalued’ takeover approaches
THG has announced it has rejected all unsolicited proposals for the company deeming them to be “unacceptable” and to “significantly undervalued the company”. In a statement released this morning ( 16 June) it said that as confirmed in the company’s preliminary FY 2021 results on 21 April 2022, THG has…
Read More »
