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.
-
Jun- 2023 -23 JuneHealth & Beauty
Revolution Beauty sales jump 60% in Q1
Revolution Beauty saw a 60% increase in sales within the first three months of FY23, as gross margins were 48.2% in the period compared with 41.7% in the same period last year. Meanwhile, the group’s EBITDA remained at a constant currency level of £3.5m. Bob Holt, CEO of Revolution Beauty,…
Read More » -
22 JuneHealth & Beauty
Former THG boss joins Boohoo’s boardroom coup at Revolution Beauty
Boohoo has furthered its attempted boardroom coup at Revolution Beauty with the announcement that former THG boss, Rachel Horsefield, will now be part of a future independent board appointment process. Horsefield most recently worked as the CEO of Beauty at THG, and according to Boohoo, will bring significant e-commerce and…
Read More » -
21 JuneHealth & Beauty
THG expects increased H1 profits following strong Q2
THG has welcomed a “strong” second quarter of trading that is set to increase its first half profitability, with adjusted EBITDA for the half-year now expected to be between £44m and £47m, compared with £32.3m in the same period last year. As a result, the group’s guidance for the financial…
Read More » -
13 JuneOnline & Digital
THG’s Ingenuity partners with PwC to boost digital commerce
THG’s complete commerce division, Ingenuity, has formed a strategic alliance with PwC to help its brands design, build and run immersive customer experiences online. It said the move will help brands across sectors and categories access leading technology throughout the direct-to-consumer (DTC) spectrum. PwC will lead on the business strategy,…
Read More » -
May- 2023 -23 MayNews
Frasers launches bid to acquire ProBikeKit
Frasers Group is in talks to buy cycling goods specialist ProBikeKit, according to Sky News. Mike Ashley’s retail group is reportedly set to acquire the stock and IP assets of the cycling retailer from THG, the beauty and nutrition online company. In April, THG revealed that following a strategic review…
Read More » -
12 MayOnline & Digital
THG terminates takeover talks
THG has announced that it has terminated takeover talks with Apollo Global Management as it believes Apollo has undervalued the business. The company which owns brands like Myprotein stated that there was “no longer any merit” in continuing talks with Apollo. Shares in the company increased by 40% following the…
Read More » -
2 MayHealth & Beauty
Apollo drafts in former retail CEOs to help with THG offer
Apollo Global Management has reportedly drafted in former Coty and Holland and Barrett CEOs, Camillo Pane and Tony Buffin, to help advise on its offer for THG. According to Sky News, it is unclear if either would have an ongoing role with the business if any offer were to be…
Read More » -
Apr- 2023 -24 AprilPeople Moves
THG appoints new senior independent director
THG has announced the appointment of Sue Farr as senior independent director with immediate effect. She has spent 16 years in various non-executive director roles, following a career in media, advertising and marketing. Her current non-executive directorships include senior independent director at British American Tobacco plc, interim senior independent director…
Read More » -
18 AprilOnline & Digital
THG faces takeover bid as FY losses widen
THG has seen its operating loss more than double to £495.6m in the preliminary results for FY22, which closely follow rumours of a fresh takeover bid from US private equity firm Apollo. The group attributed its losses to a non-cash impairment of £275.4m, as well as costs relating to a…
Read More » -
6 AprilNews
THG signs 10-year partnership with Maximo Group
THG PLC has announced a new partnership with beauty e-commerce retailer Maximo Group, home to sites including All Beauty and Fragrance Direct. The 10-year partnership will initially focus on re-platforming the sites to the Ingenuity platform, as part of Maximo’s strategic growth plans. THG Ingenuity will also become Maximo’s key…
Read More »
