All THG (The Hut Group) articles – Page 3
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NewsTHG ends takeover talks with Apollo claiming offer lacks ‘merit’
THG has terminated all discussions about a possible takeover with private equity firm Apollo Global Management, claiming there was “no longer any merit in continuing to engage”.
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NewsApollo enlists former Coty and Holland & Barrett bosses to advice on THG buyout
Private equity firm Apollo Global Management has recruited former Coty boss Camillo Pane and former Holland & Barrett chief executive Tony Buffin to advise on a THG buyout.
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NewsKelso increases stake in THG as it praises nutritional business
Private equity firm Kelso Group Holdings has acquired further shares in THG as it praised “the significant intrinsic value of the nutrition business”.
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NewsTHG enjoys sales growth but misses downgraded earnings guidance
THG has reported an increase in revenue but missed its downgraded EBITDA expectations.
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NewsTHG shares surge off the back of private equity buyout approach
THG shares have surged after the retailer confirmed it received “a highly preliminary and non-binding indicative proposal” for a buyout from private equity firm Apollo Global Management.
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NewsTHG strikes 10-year partnership with ecommerce retailer Maximo Group
THG has announced a 10-year strategic partnership with beauty ecommerce retailer Maximo Group, which owns sites such as allbeauty.com and fragrancedirect.co.uk.
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NewsRetailers reassure on financing following Silicon Valley Bank collapse
Retailers have reassured investors that operations and trading will be unaffected by the crisis at Silicon Valley Bank’s UK arm.
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NewsTHG launches buy now, pay later scheme
THG has launched a new buy now, pay later scheme in partnership with Newpay, a digital credit account.
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NewsTHG appoints new finance boss as Gallemore switches roles
Online retailer THG has named a new chief financial officer as the previous postholder John Gallemore changes responsibilities.
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Opinion‘Don’t write off the pureplays, despite a Christmas shocker’
As store shutters slammed down during lockdowns, some wrote off the likelihood of a bricks-and-mortar recovery. Now the same gloom has descended over pureplays. It was proven wrong then and it will be proved wrong now.
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NewsTHG reports record sales and acts to improve profitability
THG, the online group that owns a raft of health and beauty brands, has posted record annual sales of £2.25bn but warned on earnings.
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NewsTop credit insurer trims cover for THG suppliers
THG has become one of the latest retailers to reportedly see a reduction in the level of cover provided to its suppliers by one of the UK’s largest credit insurers.
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Opinion‘Retail’s recent wave of IPO companies look like beached whales’
The performance of the wave of retail initial public offerings (IPOs) in the past couple of years has been the worst advert imaginable for the industry.
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AnalysisThe Retail Inn: How brands are using hotels as a shop window
The Retail Inn: How brands are using hotels as a shop window
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NewsTHG sales rise driven by growth in beauty and nutrition
THG revenues have risen year on year driven by strong performances in the beauty and nutrition categories, while its full-year profit guidance remains unchanged.
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NewsThe Hut founder Moulding adds to stake as SoftBank bails out
Matt Moulding has increased his shareholding in THG – formerly The Hut – after investor SoftBank unloaded its shares at below the etailer’s IPO valuation.
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NewsTHG appoints new non-executive directors as losses deepen
THG has drafted in new non-executive directors (NEDs) to improve its ongoing corporate governance issues as its operating losses widened and its profits more than halved.
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NewsTHG and Softbank scrap $1.6bn investment deal
A call option agreement for a division of Japanese investment titan Softbank to acquire a $1.6bn (£1.3bn) stake in THG’s Ingenuity division has been terminated.
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NewsThe Hut Group names former ITV boss as new chair
The Hut Group has named former ITV founding chief executive Charles Allen as its non-executive chair.
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AnalysisTracker: Retail reacts to Russia’s invasion of Ukraine
Retail Week rounds up the actions being taken by retailers in response to Russia’s invasion of Ukraine. Last updated March 29, 2022.