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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

THG shares rise after SoftBank sells stake to Moulding and Qatar

THG SoftBank Matw Moulding Qatar Glossybox Japan LookFantastic Zavvi
Person holding cellphone with logo of THG Holdings
THG owns the retail websites Lookfantastic, Glossybox, Zavvi and Coggles. Photograph: Timon Schneider/Alamy

THG shares have jumped on the news that Japan’s SoftBank will sell its stake in the troubled British online shopping group to its co-founder Matthew Moulding and Qatar’s sovereign wealth fund.

The move has cemented Moulding’s control of THG, formerly known as The Hut Group, which owns a range of internet health and beauty retailers, and ended speculation about SoftBank’s disastrous investment.

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