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 [...]
THG to acquire Biossance as it bulks up on beauty business December 5, 2023 E-commerce firm THG has today announced it has acquired prestige skincare brand Biossance for $20m as its builds out its beauty business.
Williams Racing and THG sign ‘ground-breaking’ deal between great British brands October 19, 2023 A new partnership between THG and Williams Racing has been described as a partnership of two great British brands by the historic Formula One team’s commercial director. The multi-year deal will see THG’s sports nutrition brand Myprotein become Williams Racing’s official nutrition partner, whilst Ingenuity – THG’s complete digital commerce offering – will become an official tech and ecommerce [...]
THG keeps outlook after September recovery October 17, 2023 The group maintained its guidance of full-year revenue of flat to down five per cent.
‘Winners and losers’ as digital commerce feels the post-pandemic pinch: Ingenuity boss September 22, 2023 Digital commerce leaders are facing a different "exam question" as a result of higher costs and a tougher economic environment, the boss of THG Ingenuity has said.
THG: Cash flow improves at digital commerce giant September 14, 2023 THG, the Manchester-based digital commerce giant, has posted EBITDA above the top end of guidance in the first half of the year.
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 [...]
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.
THG shares soar 10 per cent as investors cheer the appointment of BAT’s Farr April 24, 2023 Shares in THG soared 10 per cent after the beleaguered e-commerce platform drafted in a director of British American Tobacco to help take it private. Sue Farr, the senior independent director (SID) of BAT sits on the board of a number of FTSE 100 companies including used car dealership Lookers and real estate company Helical. [...]