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 · Jan 17, 2023

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 · Jan 17, 2023

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 · Jan 17, 2023

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 · Nov 24, 2022

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 · Nov 18, 2022

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 · Nov 11, 2022

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 · Oct 18, 2022

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 · Oct 18, 2022

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 · Oct 18, 2022

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 · Oct 18, 2022