THG shares jump as MyProtein owner returns to revenue growth Retail THG – the London-listed firm behind fitness supplement brand Myprotein – has reported a jump in revenue growth ahead of its AGM today. The group, founded by businessman Mathew Moulding, recorded positive revenue growth across its Beauty and Nutrition divisions on a constant currency basis and reiterated its full-year targets. Shares rose by over 10 [...]
THG trading on target after Ingenuity split Retail THG, the company behind fitness supplement brand Myprotein, has reported its first trading update after the group split in two earlier this year. The company told the market this morning that adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) for 2024 are expected to align with consensus expectations. At the beginning of January, THG [...]
THG raises over £95m to aid Ingenuity demerger Business THG has raised more than £95m to help fund its planned demerger of its Ingenuity division. The Manchester-headquartered group, which includes City AM, confirmed on Thursday, 10 October, that it would press ahead with the demerger and revealed plans for a £75m fundraise led by boss Matthew Moulding. The London-listed firm said the demerger of [...]
THG confirms plans to demerge Ingenuity alongside £75m fundraise October 10, 2024 E-commerce firm THG has confirmed it will press ahead with the demerger of its Ingenuity division today as it revealed plans for a £75m fundraise led by boss Matthew Moulding. In a statement to the market this evening, the London-listed firm said the demerger of Ingenuity, which includes City AM, will ease the “simplification of [...]
THG looks at separating THG Ingenuity arm September 17, 2024 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 [...]
THG opens new office in the heart of London’s financial district August 19, 2024 THG, a leading global technology platform specialising in e-commerce and end-to-end direct-to-consumer (D2C) solutions, is pleased to announce the opening of its new office in the prestigious Square Mile, the historic financial centre of London. This strategic move further solidifies THG’s presence in the UK’s business capital, reflecting the company’s continued growth and ambition to [...]
Myprotein and Frasers Group team up to boost in store sales June 24, 2024 The company behind fitness supplement maker Myprotein has revealed a new partnership with Mike Ashley's Frasers Group which will see its products available in store at Sports Direct.
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
The activists are coming: Why London-listed firms are worrying about more than just takeovers January 22, 2024 Activist investors are gearing up for an offensive in London, and boardrooms across the City are scrambling to shore up their defences.
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 [...]