THG

SoftBank offloads THG stake to founder Matt Moulding

Tokyo-based investment management company, Softbank Group, has reportedly offloaded its entire stake in the UK ecommerce company THG, after its…

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THG losses widen despite revenues passing £1bn

THG has revealed its losses widened to £89.2m in the first half of the year to 30 June, despite seeing…

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THG and SoftBank abandon plans for £1.6bn investment

THG has announced the proposed £1.6bn investment for SoftBank into the company has been terminated with immediate effect. SB Management,…

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THG rejects ‘undervalued’ takeover approaches

THG has announced it has rejected all unsolicited proposals for the company deeming them to be “unacceptable” and to “significantly…

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THG to gift shares to 500 staff

Online beauty retailer THG has announced it is to gift shares to 500 of its employees. The Manchester-based firm said…

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THG non-exec director to step down with immediate effect

THG PLC has announced that its independent non-executive director, Dominic Murphy, will step down from the board with immediate effect,…

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THG rejects £2bn bid as Nick Candy eyes takeover

THG announced it has rejected a takeover bid of over £2bn from the investment companies Belerion Capital Group Limited (Belerion)…

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THG boss eyes plans to grow capacity to £14bn orders a year

THG boss Matthew Moulding is reportedly eyeing up plans to increase its capacity in order to handle up to £14bn…

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THG rebuffs ‘unacceptable’ takeover proposals as revenues hit £2.2bn

The Hut Group (THG) has recorded “record” revenue growth of 38.1% year-on-year from £1.6bn to £2.2bn in the full year…

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Private equity firms circle THG

Private equity firms Advent International and Leonard Green are exploring a buyout of the struggling online retailer The Hut Group,…

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