THG keeps outlook after September recovery THG The group maintained its guidance of full-year revenue of flat to down five per cent.
THG to acquire Biossance as it bulks up on beauty business E-commerce E-commerce firm THG has today announced it has acquired prestige skincare brand Biossance for $20m as its builds out its beauty business.
THG: Cash flow improves at digital commerce giant RETAIL THG, the Manchester-based digital commerce giant, has posted EBITDA above the top end of guidance in the first half of the year.
THG: Growth continues after strong performance from beauty division April 23, 2024 THG, the owners of Cult Beauty and Myprotein, recorded strong revenue growth in the first quarter of 2024
City A.M. muscles up for new chapter with THG deal July 26, 2023 City A.M. is set for a new chapter, under new ownership, after London-listed THG agreed to purchase the 18-year-old business newspaper today.
THG making ‘material progress’ as tech firm’s boss hails 2023 EBITDA growth April 10, 2024 Cult Beauty and Myprotein owner THG saw adjusted EBITDA growth of almost 50 per cent in 2023 compared to the year before, it told markets in a statement this morning.
THG set for battle with shareholders over return of non-executive director June 11, 2023 E-commerce platform THG could face a shareholder rebellion at its upcoming annual general meeting this month over concerns surrounding the return of a non-executive director.
Boohoo drafts in former THG chief as it steams ahead with Revolution coup June 22, 2023 Boohoo has drafted in the former head of cosmetics from THG as it doubles down on its attempted boardroom coup at Revolution Beauty. Tensions between the fast fashion giant and troubled makeup brand have been brewing for the past week, after Boohoo, which holds a 26.6 per cent stake in Revolution, said it would vote [...]
THG signs fulfilment deal with Holland & Barrett and sees Q4 sales growth January 16, 2024 THG saw revenue growth of 1.1 per cent across the ‘golden quarter,’ it told markets this morning. Group revenue hit £597.9m in the quarter, with sales across the full financial year ending in December at £1.98bn. THG’s Q4 performance represented the best quarter of this financial year and the firm this morning hailed a “pleasing [...]
THG offloads loss-making divisions in bid to streamline as share price slumps July 21, 2023 THG has offloaded its OnDemand business to the division’s management team as the online retailer steams ahead with plans to streamline its operations. The brand which included entertainment retailer Zavi and gadget and toy retailer I Want One of Those – was bought by the groups management team and has also received extra funding from [...]