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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Jan- 2024 -3 JanuaryNews
Today’s news in brief- 3/1/24
Asda has appointed Matt Kelleher, former Chief Information Officer at Morrisons, as its first Chief Digital Officer. Kelleher will be responsible for data and ecommerce functions, leading all technology functions after completing the ongoing technology transformation project ‘Future.’ This move is part of Asda’s long-term ambition to become the UK’s…
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3 JanuaryOnline & Digital
THG backs director after shareholder revolt
The board of THG has backed a non-executive director after his re-election was voted against by more than a fifth of shareholders at the company’s AGM. A “significant” number of votes were cast against a resolution relating to Iain McDonalds’ re-election in the AGM last June. However, following a review…
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Dec- 2023 -15 DecemberNews
THG launches sustainability partnership PACT
THG has announced the launch of THG Partnership in Action, or PACT, a new initiative focused on collaboration with suppliers to foster a culture of sustainability while mutually decarbonising operations. The group’s science-based targets were officially validated by the SBTi in September 2023, encompassing mandatory Scope 1 and 2 reductions…
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7 DecemberNews
Today’s news in brief-7/12/23
Kelso, an activist shareholder in THG, has intensified its campaign for THG to clarify its plans to separate its three business divisions. Kelso believes that splitting the divisions (beauty, nutrition, and ecommerce services) would bridge the gap between THG’s share price and its true value. The shareholder has written to…
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7 DecemberHealth & Beauty
Kelso ramps up THG break-up campaign
Activist THG shareholder Kelso has reportedly ramped up its campaign for THG to confirm its plans to diverge the three arms of its business, according to The Times. Kelso has written to THG’s board of directors to request a stock market statement containing the proposals relating to the de-merging of…
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5 DecemberNews
Today’s news in brief-5/12/23
Independent luxury retailer Jules B is reportedly contemplating a Company Voluntary Arrangement (CVA) following a ransomware attack that occurred in September. The MD and co-founder, Julian Blades, has sought assistance from KSA Group to navigate through the financial challenges. The retailer aims to focus more on its website, which constitutes…
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5 DecemberNews
THG acquires skincare brand Biossance
THG has agreed to acquire skincare brand Biossance from US biotechnology group Amyris Inc for a maximum consideration of $20m (£15.8m). Since inception in 2015, Biossance has generated global revenues of $300m (£237m) and is currently stocked in over 1,600 stores globally including Sephora, Harrods, Space NK, Douglas and Selfridges…
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1 DecemberNews
Today’s news in brief- 1/11/23
Matthew Moulding, the founder of THG, has acquired a 3.2% stake in Kelso Group, a shareholder critical of THG’s business leadership. Moulding’s investment of approximately £300,000 comes amid Kelso’s consistent claims that THG is undervalued, advocating for the separation of its divisions. Kelso, launched in 2022, raised £3m to invest…
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1 DecemberNews
THG founder takes 3.2% Kelso Group stake
THG founder Matthew Moulding has taken a 3.2% stake in Kelso Group, the shareholder that has been critical of his business leadership style. Moulding is said to have made an investment of around £300,000. Kelso was launched in 2022 with the backing of a number of high net worth individuals…
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Oct- 2023 -18 OctoberNews
THG commerce division Ingenuity strikes deal with L’Oréal
Ingenuity, the complete commerce division of THG plc, has signed a deal with L’Oréal to manage the direct-to-consumer (DTC) activities for two of L’Oréal Groups’ luxury division brands in North America. The agreement concluded between L’Oréal International Distribution and Ingenuity will leverage Ingenuity’s complete commerce solution of technology, operations and…
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