All THG (The Hut Group) articles – Page 5
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NewsTHG unveils sustainability drive to offset all historical emissions
The Hut Group (THG) has set out a bold sustainability strategy in a bid to offset all of its historical emissions within the next four years and become climate positive by 2030.
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InterviewInterview: Matt Moulding – Pandemic year was ‘time to prove what you believe in’
Matt Moulding talks about THG’s landmark year – from donating £100m of his shares to a charitable foundation to landing that Softbank joint venture deal.
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NewsThe Hut Group profits soar one year after London listing
The Hut Group (THG) has reported growth across all areas of the business following its 2020 IPO.
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NewsThe Hut Group snaps up Cult Beauty in £275m deal
The Hut Group has acquired online beauty marketplace Cult Beauty for £275m and raised its full-year sales outlook as a result.
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AnalysisBecoming Amazon – should more retailers develop their own tech platforms?
The dramatic increase in online shopping during the past decade has sparked a surge in innovative technology businesses being spun out of the retail sector. In some instances, these ecommerce and logistics platforms have become the fastest-growing and often most highly-valued part of a retail business.
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NewsRetail fortunes flag but online entrepreneurs climb Sunday Times Rich List
Traditional retailers’ fortune have had a bruising year but a number of online retail entrepreneurs have climbed or entered The Sunday Times Rich List for the first time.
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NewsThe Hut Group secures £1.6bn funding as it pens deal with SoftBank
THG (formerly the Hut Group) has signed a deal with Japanese conglomerate SoftBank to receive $2.3bn (£1.6bn) in investment.
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Retail Navigator AnalysisTHG (SWOT)
THG looks set to demerge its technology platform Ingenuity as it explores its options. The demerger requires shareholder approval and if it goes ahead, the group will comprise THG Beauty and THG Nutrition. The demerger will turn Ingenuity back into a private company while the rest of the business, dubbed RemainCo, will still trade on the London Stock Exchange. This could result in a very transparent, less complicated business model and could benefit the operations and appeal of the core retail business as a potential merger and acquisition opportunity.
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Retail Navigator AnalysisTHG (Overview)
Established in 2004, THG (formerly known as The Hut Group) is an ecommerce business that sells own-brand and third-party products covering health and beauty, fashion, accessories and sport across over a raft of websites. It describes the business as “a leading vertically integrated, global ecommerce technology group and brand owner, powered by its proprietary technology platform, Ingenuity, through which it also provides end-to-end ecommerce solutions for brands to reach a global ecommerce consumer base”.
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Retail Navigator AnalysisThe Hut Group (People)
THG is headed up by chief executive officer Matthew Moulding.
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NewsThe Hut gobbles up snacks specialist in £43m deal
Online giant The Hut Group (THG) is to acquire healthy snack bar business Brighter Foods, strengthening its presence in a high-growth category.
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NewsThe Hut’s Matt Moulding on why donating £100m from IPO is just ‘good karma’
After launching the UK’s biggest IPO in five years, The Hut Group (THG) founder and chief executive Matt Moulding has made the bold decision to donate £100m of shares to charity.
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AnalysisAnalysis: Has private equity ownership done retail more harm than good?
Buy cheap, pile on debt, flog assets and extract the value, sell high to a new owner and pay yourself handsomely – that’s one characterisation of private equity, with recently collapsed department store group Debenhams seen as the poster child in critics’ eyes.
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OpinionThe Keynote: Let’s stop bashing UK retail’s online stars
The Keynote: Let’s stop bashing UK retail’s online stars
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Retail VoiceThree strategies retail brands should adopt now for success
Last year will go down as one of the toughest recorded by retailers. But learning from businesses that thrived can help brands plan for success.
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NewsOnline retailers launch new trade body to champion ecomm cause
Big-name pureplay retailers have formed an industry association to highlight their contribution to UK success and fight their corner – including on tax.
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AnalysisThe power players: the acquisitive retailers snapping up brands
As Boohoo snaps up Debenhams, Retail Week takes a look at the pack of retailers taking advantage of the acquisition opportunities Covid has created to boost their business. Who are the sector’s new power players?
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NewsThe Hut Group boss aims to double beauty brands in acquisition drive
The Hut Group chief executive Matt Moulding has said we would like to double the number of beauty brands the business owns in the next two years.
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NewsThe Hut Group and Very post record surges in Christmas sales
The Hut Group has reported Christmas sales growth ahead of previous forecasts and upped its full-year expectations, while The Very Group reported its “best ever Christmas trading period”.
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Opinion‘Investors must separate wheat from chaff as etailers race to market’
The acceleration of online retail sales during the pandemic has brought a race to market as ecommerce players rush to pull off IPOs.