THG has highlighted a transformative year marked by strategic progress, operational resilience, and balance sheet deleveraging in its preliminary results for the financial year ended December 31, 2024. The company also announced results for the first-quarter of fiscal 2025. Key headlines include FY 2024 pre-demerger revenue of 1.88 billion...
29 Apr 2025
MP Activewear, the clothing line from sports nutrition brand Myprotein, part of e-commerce group THG Plc, is launching in Decathlon stores across the UK. The partnership marks the first clothing partnership between Myprotein and a major retailer and MP Activewear’s first move into physical retail, with the e-commerce group adding that further...
7 Apr 2025
THG has appointed Milyae Park as an independent non-executive director with immediate effect. Park joins THG following a long and successful career in digital and ecommerce transformation at FTSE 100 and FTSE 250 companies including Tesco and Marks & Spencer. Commenting on the new appointment, Charles Allen, Lord Allen of Kensington CBE,...
28 Jan 2025
After completion of THG Ingenuity demerger, THG, a group comprising THG Beauty and THG Nutrition, reported revenue including Ingenuity of 1.9 billion pounds, up 1.1 percent for FY24. For the fourth quarter, THG revenue declined 2.6 percent to 552.4 million pounds. During the second half, the company continued to see improving underlying trends...
23 Jan 2025
Beauty and technology conglomerate THG has announced that the majority of its shareholders–amounting to 88.71 percent–have agreed to the demerging of its Ingenuity subsidiary. Plans for such a move emerged in THG’s latest H1 report, published back in September, in which it revealed an intention to make THG Ingenuity, the commerce-focused...
2 Jan 2025
THG reported third quarter revenue of 433.1 million pounds, down 0.6 percent. The company however witnessed continued growth in THG Beauty and THG Ingenuity, with improving trends in THG Nutrition during the quarter. The company said in a statement that it is demerging Ingenuity into an independent private company at an equity valuation of up to...
11 Oct 2024
Formerly online-only beauty retailer Lookfantastic has opened its first-ever physical store in Altrincham, Greater Manchester, where it is to reimagine various existing initiatives in a real-life setting. The concept store leans in on the success of popular events and pop-ups, Lookfantastic said in a release, with a space that intends to educate...
30 Sept 2024
THG Group revenue of 911.1 million pounds, increased by 2.2 percent in the first six month period, with 6 percent growth in beauty and external Ingenuity helping offset online nutrition. The company’s UK revenues grew strongly by 9.9 percent. As a part of THG's stated strategy to maximise shareholder value, the group is actively undertaking...
17 Sept 2024
Beauty and tech group THG is preparing to make a series of additional job cuts across the business as part of an ongoing cost-saving review. A new report by the Financial Times suggested that around 171 jobs are at risk of being cut, bringing the total of its cut workforce to almost a third. Employees across six divisions of the LookFantastic...
26 Jul 2024
THG Group has announced the company made further progress in the first six months of 2024 in line with previous revenue guidance, and the second quarter is expected to represent the third consecutive quarter of year-on-year revenue growth. The company said in a statement that the performance is underpinned by positive trading within the beauty,...
24 Jun 2024
Overall THG Group achieved first quarter revenue growth of 4.5 percent to 455.4 million pounds. The company said in a release that THG Beauty delivered a growth of 11.1 percent to 267.6 million pounds following targeted changes to geographic strategy through 2023, focusing on more profitable customers and territories closest to the global...
23 Apr 2024
THG Group’s preliminary revenue declined 8.4 percent, while the group’s continuing revenue of 1,983.7 million pounds, declined 2.8 percent as the company prioritised profitable sales and territories reflected in the higher quality EBITDA. Fourth quarter revenue improved 1.1 percent. The company said in a statement that the UK was a key growth...
10 Apr 2024