THG raises over £95m to aid Ingenuity demerger Business THG has raised more than £95m to help fund its planned demerger of its Ingenuity division. The Manchester-headquartered group, which includes City AM, confirmed on Thursday, 10 October, that it would press ahead with the demerger and revealed plans for a £75m fundraise led by boss Matthew Moulding. The London-listed firm said the demerger of [...]
THG confirms plans to demerge Ingenuity alongside £75m fundraise Business E-commerce firm THG has confirmed it will press ahead with the demerger of its Ingenuity division today as it revealed plans for a £75m fundraise led by boss Matthew Moulding. In a statement to the market this evening, the London-listed firm said the demerger of Ingenuity, which includes City AM, will ease the “simplification of [...]
THG looks at separating THG Ingenuity arm Retail THG, the global beauty and nutrition group, has announced it’s looking to demerge its THG Ingenuity brand. The company, which also owns City A.M. and is based in Manchester, told the market today it’s “actively undertaking detailed work to review potential structures to facilitate the demerger of THG Ingenuity.” “At this stage no certainty can [...]
THG opens new office in the heart of London’s financial district August 19, 2024 THG, a leading global technology platform specialising in e-commerce and end-to-end direct-to-consumer (D2C) solutions, is pleased to announce the opening of its new office in the prestigious Square Mile, the historic financial centre of London. This strategic move further solidifies THG’s presence in the UK’s business capital, reflecting the company’s continued growth and ambition to [...]
Myprotein and Frasers Group team up to boost in store sales June 24, 2024 The company behind fitness supplement maker Myprotein has revealed a new partnership with Mike Ashley's Frasers Group which will see its products available in store at Sports Direct.
THG: Growth continues after strong performance from beauty division April 23, 2024 THG, the owners of Cult Beauty and Myprotein, recorded strong revenue growth in the first quarter of 2024