Updates

THG

August 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

THG has completed the sale of two non-core assets for £4m as part of a strategic review announced earlier this year. OnDemand has been sold to its existing management team and includes entertainment retailer Zavvi, gifting website I Want One of Those and fast-moving consumer goods retailer Pop in a Box. The business will continue to be a client of its Ingenuity arm, with the provision of technology, operational and digital services. Separately, THG also sold ProBikeKit, the specialist provider of cycling equipment, to Frasers Group. The two disposals are worth £4m and discontinued categories collectively contributed an EBITDA loss of £14.6m in FY22. Clearly this is a positive for THG's earnings profile. After the strong run in ...

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