THG rejects £2bn bid takeover offer
May 20, 2022 2:32 pmThe Hut Group (THG) has turned down a 2 billion pound takeover offer from two investment companies after saying it undervalued the business. The group said... View Article
Tag Archive: the hut group
Co-founder of Cult Beauty Alexia Inge exits THG
April 19, 2022 3:38 pmThe co-founder of Cult Beauty, Alexia Inge, has quit the business owned by THG claiming she was “exhausted to the bone”. In an email to staff, it... View Article
The Hut Group appoints former ITV CEO as non-exec chair
March 22, 2022 9:30 amThe Hut Group has appointed Charles Allen, Lord Allen of Kensington, as its new chair with immediate effect. The move follows an international search initiated last... View Article
THG posts record full year sales
January 18, 2022 10:57 amOnline health and beauty retailer THG has posted record full year sales of £2.2 billion following significant growth across all of its divisions in the run-up... View Article
Matalan moves forward with digital roadmap as it partners with The Hut Group’s Ingenuity platform
December 16, 2021 10:28 amValue retailer Matalan has announced that it has successfully completed phase one of its digital transformation programme as it looks ahead to migrating to fellow retailer... View Article
The Hut Group sales up 38%
October 26, 2021 10:30 amThe Hut Group saw its group revenues increase by 38% on a constant currency basis to £507.8 million in its third quarter. In the three months... View Article
THG boss Matt Moulding to ditch golden share in bid to restore City confidence
October 18, 2021 1:57 pmThe Hut Group (THG) founder Mathew Moulding has said he will give up his “golden” share of the company to regain the trust of investors. The... View Article
The Hut Group sees profits grow after last year’s IPO
September 16, 2021 1:02 pmThe Hut Group (THG) has reported growth across all areas of the business following its public offering last year. The tech platform and beauty retailer recorded... View Article
The Hut Group acquires Cult Beauty
August 5, 2021 10:39 amThe Hut Group has agreed to acquire online retailer Cult Beauty in a £275 million deal. In a statement, THG said Cult Beauty was a compelling... View Article
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