
Buyout rumours have intensified surrounding The Hut Group based on the struggling online retail giant’s share price volatility, with US Private equity giants Advent, Leonard Green and Apollo all showing interest.
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Buyout rumours have intensified surrounding The Hut Group based on the struggling online retail giant’s share price volatility, with US Private equity giants Advent, Leonard Green and Apollo all showing interest.
High-profile e-tailer and tech solutions provider THG (formally The Hut Group) claims it has been the subject of a coordinated attack by hedge funds that led to a sharp fall in its share price in recent months.
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.
As it reels from a plummeting share price, THG (which used to be known as The Hut Group) said on Monday that its founder is cancelling his Special Share rights.
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.
2020’s online sales boomed and fashion was a major influence as revenues for the UK’s 20 biggest pureplay retailers jump 22% to a record £16.4bn. Online fashion retailer sales alone rose 14.2% to £6.9 billion.
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).