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City

THG shares fall again amid caution over 2022

Embattled online retail giant and technology group THG has cautioned over a more challenging start to 2022 amid soaring commodity prices and without last year’s boost from lockdown. The Manchester-based company, previously called The Hut Group, saw ...

18 Jan 2022 at 11:25

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 pointed towards a ...

10 Oct 2024 at 18:11

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 ...

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 ...

10 Apr 2024 at 08:24

City

THG seals deal with Holland & Barrett as it stays on track to meet expectations

Online retailer THG has said that it expects to meet expectations for the financial year and announced a big new deal with Holland & Barrett to send online orders to the health brand’s customers. The business said that it had agreed for ...

16 Jan 2024 at 10:41

THG shares under pressure after suitors walk away

City

THG shares under pressure after suitor walks away

Shares in online retailer THG have slumped after a pair of suitors walked away from bidding for the embattled firm. Shares in THG, previously known as The Hut Group, tumbled by 13% on Thursday morning after Belerion Capital Group said ...

16 Jun 2022 at 13:21

City

Myprotein owner THG cuts profit outlook after deal to sell flavourings brand

Myprotein operator THG has agreed to sell its flavourings brand Claremont for £103 million as the business cut its profit outlook for the year. Manchester-based online retail group THG said it had sold the firm, which makes ...

06 Aug 2025 at 09:20

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