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Manchester Evening News
Manchester Evening News
World
Jon Robinson

Losses pass £100m at shopping giant run by one of Manchester's richest men

THG Manchester HG LookFantastic MyProtein London Stock Exchange

An online retail and software giant run by one of the richest men in Greater Manchester lost over £100m during the first half of the year, it has been revealed.

THG, which is behind brands such as LookFantastic and MyProtein, suffered pre-tax losses of £108.1m for the six months to June 30, compared to losses of £81.3m during the same period in 2021. However, the group's sales rose to a record £1.07bn during that time, up from £958.8m.

In a statement to the London Stock Exchange, the group said its results showed "substantial progress as we continue to build a strong, sustainable global platform supporting THG brands and Ingenuity clients".

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