All THG (The Hut Group) articles – Page 5
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Opinion‘Don’t write off the pureplays, despite a Christmas shocker’
As store shutters slammed down during lockdowns, some wrote off the likelihood of a bricks-and-mortar recovery. Now the same gloom has descended over pureplays. It was proven wrong then and it will be proved wrong now.
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NewsTHG reports record sales and acts to improve profitability
THG, the online group that owns a raft of health and beauty brands, has posted record annual sales of £2.25bn but warned on earnings.
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NewsTop credit insurer trims cover for THG suppliers
THG has become one of the latest retailers to reportedly see a reduction in the level of cover provided to its suppliers by one of the UK’s largest credit insurers.
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Opinion‘Retail’s recent wave of IPO companies look like beached whales’
The performance of the wave of retail initial public offerings (IPOs) in the past couple of years has been the worst advert imaginable for the industry.
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AnalysisThe Retail Inn: How brands are using hotels as a shop window
The Retail Inn: How brands are using hotels as a shop window
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NewsTHG sales rise driven by growth in beauty and nutrition
THG revenues have risen year on year driven by strong performances in the beauty and nutrition categories, while its full-year profit guidance remains unchanged.
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NewsThe Hut founder Moulding adds to stake as SoftBank bails out
Matt Moulding has increased his shareholding in THG – formerly The Hut – after investor SoftBank unloaded its shares at below the etailer’s IPO valuation.
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NewsTHG appoints new non-executive directors as losses deepen
THG has drafted in new non-executive directors (NEDs) to improve its ongoing corporate governance issues as its operating losses widened and its profits more than halved.
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NewsTHG and Softbank scrap $1.6bn investment deal
A call option agreement for a division of Japanese investment titan Softbank to acquire a $1.6bn (£1.3bn) stake in THG’s Ingenuity division has been terminated.
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NewsThe Hut Group names former ITV boss as new chair
The Hut Group has named former ITV founding chief executive Charles Allen as its non-executive chair.
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AnalysisTracker: Retail reacts to Russia’s invasion of Ukraine
Retail Week rounds up the actions being taken by retailers in response to Russia’s invasion of Ukraine. Last updated March 29, 2022.
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NewsThe Hut posts record sales of more than £2bn after strong final quarter
Online retailer and tech group THG – The Hut – has reported full-year sales of more than £2bn after “significant growth” over the peak trading period.
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NewsThe Hut Group hands over City ‘conspiracy’ dossier to financial watchdog
The Hut Group has handed over a dossier of data to the City watchdog chief executive Matt Moulding hopes will prove stockbrokers colluded to drive down its share price.
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AnalysisWho will be the retail winners and losers of 2022?
Which retailers will fly and flop in the year to come? We asked retail experts to share their tips for 2022.
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AnalysisThe 12 stories that rocked retail in 2021
2021 was a huge year for retail news. From surprise acquisitions and shock departures to new arrivals and supply chain woes, here are the stories that shook the industry
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Opinion‘As Boohoo warns on profits, the disruptors are increasingly looking like the disrupted’
While online powerhouse Boohoo’s ethical credentials have prompted fierce criticism, its operational prowess and consumer appeal have rarely been in question.
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NewsTHG’s Moulding reveals he regrets London IPO and prompts buy-back speculation
THG founder Matt Moulding has described the retailer’s London IPO as a “mistake” and sparked talk that he may take the business private.
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NewsTHG shares plummet to record low as BlackRock sells half its stake
THG’s largest institutional investor BlackRock has sold almost half of its shares as the online retailer faces ongoing concerns around its corporate governance and business model.
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NewsTHG sales leap as boss Moulding looks to rebuild investor confidence
The Hut Group (THG) has reported increasing revenues across its different categories and Ingenuity platform as boss Matt Moulding looks to win back fleeing investors.
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NewsTHG boss Matt Moulding to ditch golden share in bid to restore City confidence
THG boss Matt Moulding will dispose of his golden share in the business he co-founded and apply to move onto the main market of the London Stock Exchange next year.