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The Guardian - UK
The Guardian - UK
Business
Rupert Neate

City AM bought by Matthew Moulding’s online beauty retailer THG

City AM Matthew Moulding THG London BDO Metro
City AM newspaper front page
City AM distributes 70,00 copies a day in London and the south-east. Photograph: Ray Tang/REX/Shutterstock

City AM, the free London-based business newspaper, has been sold to THG, the online health and beauty retail platform run by the multimillionaire businessman Matthew Moulding.

The 18-year-old freesheet, which had been on the brink of collapsing into administration, announced on Wednesday that it had been bought by THG for an undisclosed sum.

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