THG rises after revenue beats top end of guidance Business THG shares rose on Tuesday after the e-commerce business boasted a surge in second-half revenue amid a rise in Christmas season demand. The Manchester-based business, known for its wellness and beauty brands like Myprotein and Lookfantastic, said its second-half revenue came in around 14 per cent ahead of the top end of its guidance, led [...]
THG reports strongest quarter of growth since 2021 Retail THG, the London-listed firm behind fitness supplement brand Myprotein, has reported a better-than-expected uptick in sales following operating model changes. Third-quarter revenue rose 6.3 per cent, the retailer told markets this morning, driven by 10 per cent in nutrition, alongside “continued momentum” in beauty. This represents the highest organic quarterly growth since the fourth quarter of [...]
THG looks at separating THG Ingenuity arm Retail THG, the global beauty and nutrition group, has announced it’s looking to demerge its THG Ingenuity brand. The company, which also owns City A.M. and is based in Manchester, told the market today it’s “actively undertaking detailed work to review potential structures to facilitate the demerger of THG Ingenuity.” “At this stage no certainty can [...]