Speculation has resurfaced that THG (formerly The Hut Group) could be taken private again by its founder with the firm’s battered share price rising as investors buy in hopes of a privately-backed buyout.
Matalan has partnered with The Hut Group (THG), which will help the UK fashion and lifestyle retailer "accelerate its digital ambitions”. The tie-up begins in 2022 that will see the migration of its digital channels.
A capital markets day is meant to boost a share price as the company concerned talks major investors through its strategy. But in the case of The Hut Group (THG) this week, it had the exact opposite effect.
The Hut Group shares continued to fall on Tuesday morning after a period of decline that had already seen the firm losing a quarter of its market value in just two weeks by Monday’s stock exchange closing bell.
French luxury resale site Vestiaire Collective’s onward march is continuing with news that it has raised a further €178m in new finance, six months after a previous funding round. The firm is now valued at $1.7bn.
The Hut Group continued to go from strength to strength in the first half of the year with group revenue rising almost 45% to £958.8 million year-on-year, and rising 95% compared to the first six months of 2019 (2YoY).
LVMH’s premium beauty operation Sephora has confirmed the widely expected acquisition of Feelunique. It has signed a deal with Palamon Capital Partners and other shareholders to take over the UK-based beauty e-tailer.
Being a listed business has its advantages, but also means closer scrutiny and a need to respond to the interests of shareholders. Both long-time-listed JD Sports and newcomer THG have felt this keenly in recent days.