THG

THG to axe 171 roles as staff ordered to return to office full-time

THG is reportedly set to axe 171 jobs across the business whilst “insisting” that staff return to the office five…

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Today’s news in brief-11/7/24

The UK economy surpassed expectations with a 0.4% GDP growth in May 2024, boosted by improved weather conditions. The services…

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Frasers Group further increases stake in Hugo Boss

Frasers Group has announced that it has upped its investment in Hugo Boss, increasing its overall stake from €360m (c.…

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Frasers in talks to acquire Princesshay shopping centre

The Mike Ashley’s Frasers Group is reportedly in talks with Crown Estate to acquire Princesshay shopping centre in Exeter, according…

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Today’s news in brief-25/6/24

Shein has confidentially filed for an IPO in London, valued at £50bn, despite concerns over its portrayal in the UK…

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THG re-elects chair despite small shareholder revolt

THG has re-elected its chair Lord Charles Allen with just 9.25% voting against his re-election despite vocal opposition. Kelso Group,…

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Today’s news in brief-24/6/24

Shein’s plans for a £50bn flotation in London are under threat due to mounting concerns from Chinese officials over negative…

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Frasers acquires Coggles amid multi-year THG partnership

Frasers Group has announced it has agreed a multi-year partnership with THG which includes Frasers acquiring THG’s luxury brands business…

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Today’s news in brief-10/6/24

Labour has pledged to overhaul the business rates system if it wins the upcoming general election. The party aims to…

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Top THG shareholder joins calls for vote against chair 

THG’s tenth largest shareholder has joined a revolt against the reappointment of the company’s chairman amid disappointment over the group’s…

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