Search
08 Sept 2025
Search
08 Sept 2025
Please allow ads as they help fund our trusted local news content.
Kindly add us to your ad blocker whitelist.
If you want further access to Ireland's best local journalism, consider contributing and/or subscribing to our free daily Newsletter .
Support our mission and join our community now.
To continue reading this article, you can subscribe for as little as €0.50 per week which will also give you access to all of our premium content and archived articles!
Alternatively, you can pay €0.50 per article, capped at €1 per day.
Thank you for supporting Ireland's best local journalism!
Online retail group THG is in talks over a surprise deal to buy business newspaper City AM.
The London-based newspaper was put up for sale earlier this month after it was impacted significantly by the pandemic and a reduction in commuter numbers into the capital.
It is understood that THG, which owns online retail brands including MyProtein and Cult Beauty, is seeking to purchase the business in a pre-pack administration process.
THG declined to comment.
The proposed takeover could be confirmed as soon as Wednesday afternoon, according to Sky News, which first reported the move.
It is understood that City AM and its owners have been working with advisers from corporate finance firm BDO regarding the insolvency process.
The business publication is half-owned by two Dutch private investors, while chief executive Jens Torpe and managing director Lawson Muncaster also own about a quarter.
City AM is distributed from about 400 travel hubs and commuter locations, as well as about 1,600 London offices.
The move would be widely seen as a slightly new direction for THG, which primarily runs ecommerce brands and platforms for third parties.
It is understood that any deal would secure editorial independence at City AM and secure the future of its roughly 40-strong workforce.
THG would be expected to deepen relationships between its Ingenuity ecommerce platform business and media buying agencies.
The group also holds content syndication partnerships with firms including Google and Bloomberg.
Subscribe or register today to discover more from DonegalLive.ie
Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.
Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.
This publication supports the work of the Press Council of Ireland and Office of the Press Ombudsman, and our staff operate within the Code of Practice of the Press Council. You can obtain a copy of the Code, or contact the Council, at www.presscouncil.ie, Lo-call 1800 208 080 or email: info@presscouncil.ie.
