THG considers spinning off tech platform as Myprotein rebrand weighs on sales
3 months, 3 weeks ago

THG considers spinning off tech platform as Myprotein rebrand weighs on sales

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Cult Beauty and Myprotein operator THG has said it is considering spinning off its technology platform in the hope of restoring its share price, while it also reported slower sales this year. Total sales also dipped nearly 2% with the group’s nutrition division, which includes Myprotein, dragging on the wider business thanks to a 7.5% year-on-year decline. THG blamed this on temporary “disruption” from a major global rebrand of Myprotein, with online prices affected by the rolling out of new packaging.

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Shares in THG plunge despite the firm announcing plans to spin off its technology arm
3 months, 3 weeks ago

Shares in THG plunge despite the firm announcing plans to spin off its technology arm

Daily Mail  

Troubled THG failed to stave off a share sell-off yesterday despite announcing plans to spin off its technology arm. Losing its shine: Beauty and nutrition retailer THG tumbled 12% after analysts downgraded their profit forecasts Shares fell 12.4 per cent, or 7.95p, to 56.3p yesterday. Chief executive Matt Moulding said that the company was looking to spin off Ingenuity ‘after …

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