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The Guardian - UK

Business

Mark Sweney

THG shares soar amid prospect of bidding war for online retailer

THG Nick Candy Matw Moulding

Nick Candy — Nick Candy and the other unnamed suitors have until 16 June to make a formal offer for THG or walk away. Photograph: Ian West/PA

Shares in THG soared by a quarter on Friday as investors cheered the prospect of a multibillion-pound bidding war for the online retailer, including a possible offer from property tycoon Nick Candy.

The market value of THG, the online health and beauty retailer formerly known as the Hut Group, leapt by almost £400m to £1.8bn after the company confirmed there had been three takeover approaches in recent weeks.

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