THG rebuffs ‘largely unfunded’ approach for Myprotein from ex-director’s firm

Myprotein owner THG has announced a tie-up with retail giant Frasers Group (THG/PA) -

Online retail company THG has rejected a bid for its Myprotein business worth up to £600 million from a firm led by its former director.

THG, which also owns Cult Beauty, said it rebuffed a “largely unfunded” and “highly conditional” approach from Selkirk – a firm set up by two early backers of THG, including Iain McDonald, a previous non-executive director at the firm.