Japanese technology investment giant SoftBank has sold its entire stake in THG to co-founder Matthew Moulding and Qatar Investment Authority, the country's sovereign wealth fund.
The move sees SoftBank make a £450m loss after it bought an 8% holding in the Manchester-headquartered software and retail giant in May 2021.
It comes after a $1.6bn deal that would have seen SoftBank take a near 20% stake in a major division of THG was abandoned in July this year.
