All the updated news related to ingenuity

All the news related to ingenuity updated in real time

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City

Online retailer THG warns over profits as sales slow

Online retailer THG has warned that profits will be lower than expected after a further slowdown in sales growth. Shares in the business slid on Tuesday morning after it said it is now due to report adjusted earnings of £70 million to £80 million ...

17 Jan 2023 at 11:35

City

THG returns revenue to growth in final quarter as losses halved

THG, the online retailer behind brands such as MyProtein and Cult Beauty, said its revenue started growing again in the last three months of 2023 as it halved its losses over the year. The business said annual revenue was down 8.7% to £2 billion,...

10 Apr 2024 at 08:24

City

Myprotein operator THG strikes deal with Frasers for consumer credit roll-out

Cult Beauty operator THG has announced a tie-up with retail giant Frasers Group, which will see millions of shoppers able to access buy now, pay later and loyalty rewards across its health and beauty websites. THG, the online retail group ...

24 Jun 2024 at 11:14

City

THG considers spinning off tech platform as Myprotein rebrand weighs on sales

Cult Beauty and Myprotein operator THG has said it is considering spinning off its technology platform in the hope of restoring its share price, while it also reported slower sales this year. The Manchester-based business runs a system ...

17 Sept 2024 at 14:51

City

THG to spin off tech platform Ingenuity as it seeks £75m funding boost

Online retail business THG has said it will spin off its technology platform and plans to raise £75 million in an equity raise. It came as the MyProtein and Cult Beauty owner revealed a fall in sales over the latest quarter, but ...

10 Oct 2024 at 18:11

City

Sales slip at Myprotein owner THG after spinning off Ingenuity arm

Online retail firm THG has revealed lower revenues after spinning off its Ingenuity platform business. The Myprotein and Cult Beauty owner saw sales dragged down by continued weakness in its nutrition business, although it ...

23 Jan 2025 at 09:41

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