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The Latest Breaking News from THG

THG shares down 15% after online retailer issues profit warning

Company blames falling sales, contract delays and delivery disruption in latest of a number of missed financial targets

The Guardian - UK

THG lowers profit expectations despite record sales after £100m cost cutting

THG confirmed that a further £30m of savings are to be found this year

Birmingham Post

Future of THG's Manchester Airport plans up in the air after £70m loan cancelled

The deal with Trafford Council was first announced at the start of 2020

Manchester Evening News

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THG's £70m loan to build new headquarters cancelled

The deal was first announced in January 2020

Birmingham Post

Now would be a good moment for the chair of THG to find his voice

Charles Allen, formerly head of ITV, is in his £400,000 a year post to generate confidence in Matt Moulding’s creation

The Guardian - UK

More pain for online retailer THG as top insurer reduces cover

Cut-back of cover for suppliers is latest in a series of headaches for founder of the troubled business

The Guardian - UK

THG chief case referred to Amlo

The Securities and Exchange Commission (SEC) has referred the case of Dr Boon Vanasin, former chairman of SET-listed Thonburi Healthcare Group (THG), to the Anti-Money Laundering Office for further investigation.

Bangkok Post

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Made.com: symbol of the pandemic punt that popped post-Covid

Founders, early backers and banks won big in the craze for buying online retailers but investors at THG, Deliveroo and Virgin Wines lost out

The Guardian - UK

Firms vow ESG principles are here to stay

Leading businesses are adopting environment, social and corporate governance (ESG) practices, in line with government efforts to protect the environment and build a sustainable society.

Bangkok Post

Rollercoaster year for Matthew Moulding's THG continues as shares recover from historic low

The Manchester-based online retailer owns Lookfantastic, Cult Beauty and MyProtein

Birmingham Post

Bank is taking a risk in cracking on with first QT sale

Longer delay might have been mildly embarrassing but would be the safer approach

The Guardian - UK

Tech investment giant SoftBank sells entire THG stake to Matthew Moulding and Qatar

The move 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

Manchester Evening News

THG shares rise after SoftBank sells stake to Moulding and Qatar

Founder of online shopping group cements control as Japanese firm offloads its holding at £450m loss

The Guardian - UK

SoftBank sells entire THG stake to Matthew Moulding and Qatar

THG said it will receive £31m in proceeds after agreeing to sell 67.8 million shares to Qatar Investment Authority

Birmingham Post

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Manchester Evening News

How much the pandemic cost THG-owned King Street Townhouse Hotel and Hale Country Club

THG's Great John Street Hotel has been closed as it undergoes a major refurbishment

Birmingham Post

Scale of pandemic's impact on THG-owned King Street Townhouse Hotel and Hale Country Club revealed

The country club was acquired by THG in 2016, with the hotels being bought three years later

Birmingham Post

Group led by former THG, Boohoo and ASOS investor takes In The Style stake

A former CEO of Tesco is also part of the group

Birmingham Post

Major THG deal fails to stem losses at Real Good Food

The company also said that its current financial year is 'expected to be a very challenging and loss-making'

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Bangkok Post

THG unveils Bangladesh health tie-up

SET-listed Thonburi Healthcare Group (THG) is preparing to help Bangladesh develop a so-called "hospital for society" in cooperation with the 2006 Nobel Peace Prize laureate Muhammad Yunus.

Manchester Evening News

Losses pass £100m at shopping giant run by one of Manchester's richest men

THG is behind brands such as LookFantastic and MyProtein

Birmingham Post

Matthew Moulding's THG issues warning after posting losses of more than £100m

Shares in THG slumped by more than 20% in early trading

Bangkok Post

Thonburi Healthcare chairman resigns after market ban

Dr Boon Vanasin, the founder and chairman of Thonburi Healthcare Group (THG), is resigning from the company’s board as he faces a market ban in connection with claims he made last year about the purchase of Pfizer coronavirus vaccines.

Birmingham Post

Investment giants lower stakes in Matthew Moulding's THG

THG founder and chief executive Matthew Moulding is the single largest shareholder in the group

Birmingham Post

Details of £3.5m donation by THG founder Matthew Moulding to battle homelessness in Manchester revealed

Matthew Moulding sold some of his shares in THG last month to free up funds for the donation

Manchester Evening News

One of Manchester's richest men gifts shares worth over £800,000 to his mates for free

Mr Moulding recently completed the donation of millions of pounds to charitable causes in the city.

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