THG share price up as firm eyes profitability boost while CEO gives up power to veto hostile bids June 21, 2023 THG said it was anticipating a “significant increase in profitability” in its half year results following a boost from its nutrition segment and and big losses earlier in the year. The e-commerce retailer said that CEO Matthew Moulding had given up his special share in the firm, which means that Moulding can no longer veto [...]
What is happening to the THG share price amidst takeover talks? May 25, 2022 THG (LON: THG) shares are up to 139p as founder and CEO Matt Moulding mulls over takeover propositions that would take the company off the public market. But despite the share price recovery, THG’s £1.7 billion market cap is far below its £5.4 billion valuation when it launched its Initial Public Offering in September 2020. Bidding war On [...]
THG share price lifts after SoftBank sells stake to boss Moulding and Qatar October 18, 2022 Beleaguered retailer THG saw its share price leap after SoftBank is to sell its stake to the group’s co-founder Matthew Moulding and Qatar’s sovereign wealth fund. THG’s shares were boosted 13 per cent on Tuesday afternoon, after the loss-stricken Japanese investment management firm said it would offload its stake. SoftBank’s stake was once valued at [...]
New chairman for THG as Matt Moulding relinquishes role March 22, 2022 E-commerce retailer THG has named Charles Allen as its new chairman as Matt Moulding will continue as CEO at the beleaguered company. The company had previously declared it would split the roles of executive chair and CEO held by Matt Moulding. Allen, who has the same role at FTSE 250 construction giant Balfour Beatty, is to [...]
THG boss Matt Moulding lashes out at media, investors and analysts in six minute video that includes quotes from Nelson Mandela April 18, 2023 THG’s chief executive Matt Moulding published a lengthy video on Instagram Tuesday night taking aim at the media, institutional investors, stockbrokers and analysts in the latest escalation of his war with the City’s financial services sector. Moulding’s video quotes extensively from the Wolf of Wall Street, whilst also seeming to compare THG’s expansion in the [...]
THG rally provides some relief for Moulding January 26, 2022 Shares in beleaguered e-commerce firm THG rallied today following a difficult two weeks which has seen the firm’s share price plummet to over 85 per cent below their initial flotation price.
THG rejects all takeover approaches as significantly undervaluing e-commerce firm June 16, 2022 THG has rejected all recent approaches for the e-commerce beauty firm, stating the proposals had “significantly undervalued” the firm. Matthew Moulding’s retail emporium had received indicative proposals from “numerous parties” in recent months, it had confirmed in its full year results earlier this year. Last month, it also rejected an indicative non-binding proposal from a [...]
Private equity firms circle embattled retailer THG February 6, 2022 Troubled e-commerce retailer THG is being circled by private equity firms for a potential buyout. Representatives from Advent International have reportedly visited the firm’s Manchester headquarters while LA-based Leonard Green is understood to have also expressed an interest. Shares leapt 16 per cent on Friday following speculation about private equity interest in a Betaville blog [...]
THG and SoftBank scrap options for $1.6bn investment in e-commerce emporium July 26, 2022 E-commerce giant THG has cancelled its partnership with a division of SoftBank, citing “global macroeconomic conditions.” A call option with the Japanese conglomerate to pump an extra $1.6bn into technology unit THG Ingenuity has been scrapped and will “cease to be capable” of being exercised. An option and collaboration agreement was terminated by mutual agreement [...]
THG boss Matt Moulding slams ‘numerous’ proposals from suitors as unacceptable April 21, 2022 E-commerce beauty firm THG has dubbed a number of approaches from potential bidders as “unacceptable.” There had been speculation that the online retailer – which owns brands including Cult Beauty and Lookfantastic – could be prime for a takeover, after experiencing a turbulent year. In a trading update, CEO Matthew Moulding said the board had [...]