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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

THG rejects ‘unacceptable’ takeover approaches as revenues jump by 35%

THG Matw Moulding
THG PLC (The Hut Group) logo on a smartphone and a pc screen.
News of multiple takeover offers sent THG shares up. Photograph: Pavlo Gonchar/SOPA Images/REX/Shutterstock

Online shopping group THG has dismissed “numerous” takeover approaches as “unacceptable”, saying they undervalued the company.

Manchester-based THG (formerly known as The Hut Group), which runs beauty and nutrition websites including Lookfantastic, Cult Beauty and Myprotein, confirmed there had been interest from third parties, but said the company was not currently involved in any talks.

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