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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Jun- 2024 -24 JuneOnline & Digital
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 including Coggles. Alongside this, THG will integrate the Frasers Plus credit offer into its Ingenuity platform. This agreement marks the first Frasers Plus partnership with an external partner. Frasers Group…
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10 JuneNews
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 create a fairer system that supports small businesses and high streets while ensuring that large multinationals and tech companies pay their fair share. Shadow Chancellor Rachel Reeves highlighted the need…
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10 JuneOnline & Digital
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 share price, The Times has reported. Dutch investment firm Ophorst Van Marwijk Kooy Vermogensbeheer, which has a 1.89% stake in the company, will reportedly join fellow shareholder Kelso in a…
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May- 2024 -22 MayHealth & Beauty
THG shareholder to vote against chair reappointment
An activist investor in THG is reportedly set to vote against the reappointment of chair Charles Allen as it criticised the group’s “poor” share price and “major” strategic and structural issues. According to The Financial Times, Kelso, a UK investment firm that owns about 0.5% of THG’s shares, said it…
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Apr- 2024 -23 AprilNews
Today’s news in brief-23/4/24
UK’s grocery regulator is closely monitoring Tesco’s imposition of online supplier fees akin to Amazon. The Grocery Code Adjudicator initiated assurance processes after Tesco’s move to charge extra for online sales last year. Tesco claims rising online operation costs prompted the fee, starting at 12p per branded item and 5p…
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23 AprilHealth & Beauty
THG sales rise 4.5% in Q1 amid ‘standout’ beauty performance
THG has seen overall sales “continue to strengthen” in its first quarter, as group revenues rose by 4.5% to £455m, with progression made in each of the last five consecutive quarters.Its group sales were largely boosted by a “standout performance” in THG Beauty, where sales soared by 11.1% to £267.6m…
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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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Mar- 2024 -15 MarchNews
Today’s news in brief-15/3/24
After 14 years of service, Iain McDonald, a non-executive director at THG, has announced his intention to step down from his position. McDonald has been instrumental in guiding THG’s growth and evolution into a global leader across Beauty, Nutrition, and Technology sectors. The board, upon his departure, will consist of…
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15 MarchPeople Moves
THG NED to step down after 14 years
THG has revealed that Iain McDonald has informed its board of his intention to step down as a non-executive director at the end of March 2024, shortly after his 14th anniversary as a THG director. The company said McDonald is both a “highly-valued and experienced” member of THG’s board, who…
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6 MarchNews
Today’s news in brief-6/3/24
Currys shareholder JO Hambro Capital Management urged the company to hold out for a £1bn offer amid takeover talks. Despite rejecting a bid from Elliot valued at 67p per share, Currys faces pressure to consider higher offers, with JOHCM deeming an offer between 80p and 100p per share as “acceptable”.…
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