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.
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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…
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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…
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10 JuneHealth & Beauty
THG to gift shares to 500 staff
Online beauty retailer THG has announced it is to gift shares to 500 of its employees. The Manchester-based firm said it will reward the selected members of staff below executive level subject to “achievement of various targets”. THG said an application has been made to the Financial Conduct Authority (FCA)…
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9 JuneNews
THG non-exec director to step down with immediate effect
THG PLC has announced that its independent non-executive director, Dominic Murphy, will step down from the board with immediate effect, after eight years with the company. The board and the nomination committee are now searching for “suitable” additional independent non-executive directors to replace Murphy and to further strengthen the board.…
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May- 2022 -20 MayHealth & Beauty
THG rejects £2bn bid as Nick Candy eyes takeover
THG announced it has rejected a takeover bid of over £2bn from the investment companies Belerion Capital Group Limited (Belerion) and King Street Capital Management L.P. (King Street). The announcement comes as the board confirms it is in the early stages of considering a possible offer from Nick Candy, owner…
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11 MayHealth & Beauty
Beauty Bay drafts in advisors after IPO stalls
Online beauty platform Beauty Bay has reportedly hired bankers to explore options for the group after plans for its IPO stalled. According to Sky News, it has drafted in US-based Threadstone Capital, which previously advised Cult Beauty on its sale to THG, to advise it. Sources told Sky that options…
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4 MayHealth & Beauty
THG boss eyes plans to grow capacity to £14bn orders a year
THG boss Matthew Moulding is reportedly eyeing up plans to increase its capacity in order to handle up to £14bn worth of orders a year, according to the Daily Mail. The outlet reported that Moulding has told city investors he is looking to invest an additional £200m to open a…
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Apr- 2022 -21 AprilOnline & Digital
THG rebuffs ‘unacceptable’ takeover proposals as revenues hit £2.2bn
The Hut Group (THG) has recorded “record” revenue growth of 38.1% year-on-year from £1.6bn to £2.2bn in the full year ended 31 December 2021 (FY21), driven by organic growth in all divisions and supplemented by the contribution from acquired businesses. According to its latest trading update, The Hut Group has…
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Mar- 2022 -22 MarchPeople Moves
The Hut Group appoints Charles Allen as new chair
The Hut Group (THG) has announced that Charles Allen, Lord Allen of Kensington CBE, is joining the group as an independent non-executive chair with immediate effect. His appointment follows an international search that began in October 2021, when THG committed to splitting the dual roles of executive chair and CEO…
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Feb- 2022 -7 FebruaryHigh Street
Private equity firms circle THG
Private equity firms Advent International and Leonard Green are exploring a buyout of the struggling online retailer The Hut Group, according to The Sunday Times, with executives from Advent understood to have visited THG’s offices in Manchester. The news comes as shares in THG jumped 16% on Friday. Sources close…
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