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THG break-up plan fails to help shares
Evening Standard
|September 17, 2024
A RADICAL break-up plan for Matt Moulding’s Hut Group business THG today failed to inspire an upturn in the e-commerce’s firm’s stock market fortunes.
THG shares, which were 500p when they listed in a £5.4 billion flotation September 2020, fell 2% or 1.4p to 62.85p as the Manchester-based company revealed it is considering a move to focus on its MyProtein and Lookfantastic divisions.
It intends to demerge Ingenuity, which provides technology services for retail and consumer brands including Frasers Group.
Diese Geschichte stammt aus der September 17, 2024-Ausgabe von Evening Standard.
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