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The Guardian - UK

Business

Mark Sweney

Property tycoon Nick Candy considering bid to take over THG

Nick Candy THG Matt Moulding United Kingdom

Nick Candy and his wife Holly Valance pictured in March. — Nick Candy and his wife Holly Valance pictured in March. Photograph: Ian West/PA

Property tycoon Nick Candy is considering making an offer to buy the £1.4bn online shopping group THG, formerly known as The Hut Group, which recently said it had rejected numerous “unacceptable” takeover approaches that undervalue the company.

Candy, a donor to the Conservative party with a fortune estimated at £1.5bn who is married to former Neighbours actor Holly Vallance, now has until 16 June to make a formal bid or walk away under UK takeover rules.

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