THG ( (GB:THG) ) has issued an announcement.
THG PLC has rejected an unsolicited proposal from Selkirk to acquire Myprotein, citing the offer as undervaluing the brand and lacking sufficient funding details. Following a recent demerger and refinancing, THG is focused on reducing debt and executing its growth strategy, with upcoming financial results expected soon.
More about THG
THG PLC is a global e-commerce group based in Manchester, UK, operating through two main consumer businesses: THG Beauty and THG Nutrition. THG Beauty manages online platforms like Lookfantastic, Cult Beauty, and Dermstore, offering a market route for over 1,300 third-party brands and a portfolio of owned brands. THG Nutrition, led by Myprotein, the largest online sports nutrition brand, covers various health and wellness categories, delivering products directly to consumers and through offline partnerships worldwide.
YTD Price Performance: -38.06%
Average Trading Volume: 6,385,985
Technical Sentiment Signal: Buy
Current Market Cap: £429.7M
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