All THG (The Hut Group) articles – Page 6
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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.
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NewsTHG shares tumble as investor crisis meeting backfires
THG’s share price plunged by a third in the hours following its Capital Markets Day yesterday, as the attempt to calm investors’ concerns about the business appeared to fall on deaf ears.
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NewsTHG unveils sustainability drive to offset all historical emissions
The Hut Group (THG) has set out a bold sustainability strategy in a bid to offset all of its historical emissions within the next four years and become climate positive by 2030.
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InterviewInterview: Matt Moulding – Pandemic year was ‘time to prove what you believe in’
Matt Moulding talks about THG’s landmark year – from donating £100m of his shares to a charitable foundation to landing that Softbank joint venture deal.
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NewsThe Hut Group profits soar one year after London listing
The Hut Group (THG) has reported growth across all areas of the business following its 2020 IPO.
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NewsThe Hut Group snaps up Cult Beauty in £275m deal
The Hut Group has acquired online beauty marketplace Cult Beauty for £275m and raised its full-year sales outlook as a result.
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AnalysisBecoming Amazon – should more retailers develop their own tech platforms?
The dramatic increase in online shopping during the past decade has sparked a surge in innovative technology businesses being spun out of the retail sector. In some instances, these ecommerce and logistics platforms have become the fastest-growing and often most highly-valued part of a retail business.
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NewsRetail fortunes flag but online entrepreneurs climb Sunday Times Rich List
Traditional retailers’ fortune have had a bruising year but a number of online retail entrepreneurs have climbed or entered The Sunday Times Rich List for the first time.