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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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 -31 JanuaryNews-In-Brief
Today’s news in brief-31/1/25
Homebase, the DIY retailer that collapsed into administration in November 2024, owes more than £650m to unsecured creditors, including suppliers AO World, Halfords, and The Hut. Administrator Teneo reported total unsecured claims of £657m, with £100m owed to trade creditors. Major debts include £2.9m to Close Brothers for till systems,…
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31 JanuaryPeople Moves
THG appoints Milyae Park independent non-executive director
THG has announced the appointment of Milyae Park as an independent non-executive director with immediate effect. Park joins THG following a long and successful career in digital and ecommerce transformation at FTSE 100 and FTSE 250 companies including Tesco and Marks and Spencer. Since launching a portfolio career in 2019,…
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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 JanuaryNews-In-Brief
Today’s news in brief-23/1/25
Primark has revised its sales forecast for 2025 downwards following a challenging autumn trading period in the UK and Ireland. The company reported a 6% decline in like-for-like sales in these regions, largely attributed to cautious consumer sentiment and mild weather affecting seasonal clothing purchases. Despite a modest recovery during…
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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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