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- 2024 -11 JulyNews
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 sector led growth, expanding by 0.3%, while construction grew by 1.9%. Analysts see this growth influencing the Bank of England’s upcoming interest rate decision. British entrepreneur Mike Jatania is nearing…
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11 JulyClothing & Shoes
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. £305m) in May to €490m (c. £415m). The group now has 5.6m shares of common stock, representing 7.99% of Hugo Boss’s total share capital. It also owns 9,721,000 shares of…
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1 JulyProperty
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 to the Times. It is believed that Frasers is to buy a 50% stake in the shopping centre from US-based asset manager Nuveen and is also planning to buy the…
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Jun- 2024 -25 JuneNews
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 which has caused some anxiety among Chinese officials. The fast-fashion retailer, which needs approval from both the China Securities Regulatory Commission (CSRC) and the Financial Conduct Authority (FCA), had previously…
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25 JuneOnline & Digital
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, a minority shareholder with a 0.55% stake in the company, publicly opposed his reappointment as it voiced concerns about what it claims is a lack of action on THG’s strategic…
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24 JuneNews
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 portrayals of the company in the UK. The British Fashion Council has expressed significant reservations about Shein’s business practices, particularly around labor exploitation. Although the company is based in Singapore,…
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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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