The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
@prox online marketing/sales division is very strong which is why they are looking at M/A in this sector.
App participation grew to 24% of online revenue (Q1 2023: 15%), with particularly strong participation in the UK at 35%. Increased app revenue participation supports deeper relationships with our customers, providing valuable first party data and lessening the reliance on paid marketing channels.
Plus THG Society earns £300M annual revenue from £27M investment and we have a better social media presence than Boots and any of our Protein competitors.
Can anyone copy/paste what The Times had to say.
https://www.thetimes.co.uk/article/thg-boosted-by-beauty-as-it-looks-to-revive-share-price-6fcdbqq80
Yep IMHO it has to happen before AGM or at least update on a review to list on a different exchange and if there is percentage equity interest in one or more of the divisions he will let the market know.
Why spend 15M separating the 3 divs and then do SFA.
Interesting to see who the new ingeniuty appointment will be on the 1st June. MM seemed very excited about that :)
Yespsb you promised 'out' as soon as SP hits 70s, twice since it has hit 70p.
Did you forget to set your sell order?
Next time we hit 70p I will remind you :)
Beauty markets are buoyant and thriving away from LSE
https://beautymatter.com/articles/galderma-stock-surges-in-debut
EQT AB–backed Swiss skincare company Galderma surged on its first day of trading, trading as high as 18% to 62.68 francs. It was the largest IPO placement volume in Switzerland since 2017 and could be one of the biggest flotations in Europe this year.
WHO: Galderma is the world's largest independent dermatology company, spun out of Nestlé in 2019 when a consortium led by private equity house EQT and including Singapore's GIC and the Abu Dhabi Investment Authority acquired the Nestlé Skin Health unit for $10 billion and rebranded it as Galderma. Since its inception in 1981, the business has been driven by a dedication to dermatology, delivering an innovative, science-based portfolio of sophisticated brands and services across aesthetics, consumer care, and prescription medicine. Galderma’s portfolio of flagship brands includes Restylane, Dysport, Azzalure, Alluzience, and Sculptra in injectable aesthetics; Cetaphil and Alastin in dermatological skincare; and Soolantra, Epiduo, Differin, Aklief, Epsolay, Twyneo, Oracea, Metvix, Benzac and Loceryl in therapeutic dermatology.
WHY: Sale is success for EQT, which had eyed an IPO since 2021; Galderma plans to repay debt with the offering proceeds.
IN THEIR OWN WORDS: Flemming Ørnskov, MD, MPH, Chief Executive Officer of Galderma, said, “As the newest member of SIX Swiss Exchange, I am proud that Galderma’s IPO has been such a success. Galderma has continually developed its market leading position by advancing dermatology for every skin story. As we begin trading today, I want to thank every single person in our business for their unwavering commitment over the years—without it, Galderma wouldn’t have achieved the success we have to date. We have a great future ahead of us as a listed company delivering cutting-edge, premium products to our customers across the full spectrum of dermatology through Injectable Aesthetics, Dermatological Skincare and Therapeutic Dermatology.”
Jos Dijsselhof, CEO SIX, emphasized, “We are delighted to welcome Galderma to the SIX family. With this new addition, we are further strengthening our position as the leading go-to exchange in Europe for companies at the intersection of consumer and healthcare. I wish Galderma every success as a public company and look forward to partnering with Galderma on their future capital market endevours
What Price THG Beauty?
The Spanish beauty giant plans to sell Class B shares at €22 to €24.50 each, which would value the group between €12.7bn and €13.9bn
https://cosmeticsbusiness.com/puig-sets-ipo-target-for-close-to-14-billion
Puig’s initial public offering (IPO) will start trading on the Spanish stock market on 3 May.
The Barcelona-based beauty group is aiming to raise approximately €3bn through the issuance of both new and existing shares.
This would enable 21% to 24% of the company’s stock to belong to outside investors, with the Puig family retaining a majority stake.
The group gave an expected range for its market capitalisation after the public offering of €12.7bn to €13.9bn, reported The Financial Times.
Puig and its founding family plan to sell Class B shares at €22 to €24.50 each, the company said in a filing with the Spanish securities regulator.
The IPO will involve around €1.25bn of new shares, while the Puig family is offering stock to about €1.36bn.
The number of shares will be determined by the final price of the IPO.
Puig, which owns Charlotte Tilbury, Kama Ayurveda and Rabanne, is capitalising on its growing momentum in the region’s equity markets.
The IPO will support the Spanish fragrance and cosmetics company’s expansion plans, particularly in Asia, and provide financial muscle for future growth.
Puig will list in Madrid and other Spanish stock exchanges with bankers at Goldman Sachs Bank Europe SE and J.P. Morgan SE leading the process.
Puig confirmed earlier this month its intention to float on the Madrid and other Spanish stock exchanges.
“It is important for any family business to have the right checks and balances in place, particularly during generational transitions,” said Marc Puig, Puig’s Chairman and CEO.
“We believe that the balance of being a family-owned company that is also subject to market accountability will allow us to better compete in the international beauty market during the next phase of the company’s development.”
This will be Spain’s largest IPO in nearly a decade, and if successful, could pave the way for more listings.
Puig is not the only beauty company looking to boost its momentum with an IPO listing this year.
Swiss skin care company Galderma started trading on the Swiss Exchange last month and shares have soared since.
Lead image An array of Charlotte Tilbury products.
@yorek don't forget the are already shipping chocolate through Dubai :)
https://www.linkedin.com/posts/activity-7185907261859332096-MNfM/
Fellas gonna leave you to it.
Catch up with you after the AGM :)
Oxford, so you are saying a factual post linked to Tom Killeen, THGs Chief Operating Officer who is in Dubai scouting supply chains, isn't THG news REALLY?
Should I stop posting factual links and scream in every tenth of a penny increase instead ;-)
Oh and I forgot to say the 'Baseball Furies' give me A LOT of stick for posting current THG information.
I wonder why that is?
@oxford 80% of my posts are current, about THG and have links.
Compared to Sheila/ste/malmo who just posts BS and screams in every tenth of a penny move like a winning goal in a World Cup Final.
Sorry but I am not that bad
Sheila you are sounding VERY desperate, how much underwater are you?
You haven't done it again have you?
Oh dear :(
Funny how shorts like to 'beat the drum' about being in total control of this share and then when you factually point out that they are. They then change direction and blame something/somebody else.
Expert gaslighters and spreaders of FUD
@ste it drops so hard because there is no liquidity, a twelve-year-old paper boy could have used his twenty quid wages and brought down Rev Beauty's share price this morning. Market is fooked
Great to see Cult Beauty Sun Box sold out within 24 hours. Does anyone know if these articles in Daily Mirror and OK Mag appeared offline?
Good to see THG Beauty on Prime and Netflix and I think their decision to open stores within stores is a good one. Especially now they have enough 'own brand' content
https://www.ok.co.uk/lifestyle/beauty/cult-beautys-40-set-sun-32596017
https://www.mirror.co.uk/money/shopping-deals/cult-beautys-40-spf-focused-32598066
CityAM magazine is back with some free advertising for THG Beauty
https://www.linkedin.com/posts/harry-owen-33528211_city-am-magazine-back-in-print-this-week-ugcPost-7185693202195042305-g8HB?utm_source=share&utm_medium=member_android
Full page Lookfantastic advert on page 55
https://issuu.com/cityam/docs/cityam_mag82
Tom Killeen posted this yesterday
https://www.linkedin.com/posts/ugcPost-7186308144887701504-NFVU/?utm_source=share&utm_medium=member_android
Yesterday in Dubai was an experience I’ll never forget.
The worst storm and rainfall in 75 years completely shut down the city of Dubai and surrounding areas of the UAE. If it wasn’t for Sushant Bairagi our account manager at A.P. Moller - Maersk we could have been in a real life spot of bother, like many others unfortunately experienced.
I don’t know how Sushant managed it but he got me safely back to my hotel, wading through 30km of road rivers, avoiding massive flash floods, thousands of abandoned cars and winds i have never felt anything like at the peak of the storm, to then arrive at the hotel being completely flooded on the ground floor. I won’t share the videos I captured due to the insensitive nature of other people’s challenges yesterday, but it would be wrong of me not to say a massive thank you to Sushant - you deserve a medal 🥇 and Maersk should be proud to have you.
I am in in Dubai assessing its supply chain, I ended up becoming the cargo in this instance, it was me who needed delivering 👀
Amazingly Dubai at least will likely be fully back on its feet by tomorrow due to the weather. I hope everyone else affected had there own version of Sushant helping them yesterday 🙏🏼 for which I am very grateful.
Digital Transformation: THG Ingenuity x Homebase
Read how THG Ingenuity created a customer-first, digitally enabled store for the home improvement giant and helped them achieve a 200% increase in post-replatform revenue rate and 140% YoY rise in traffic.
https://www.linkedin.com/posts/thgingenuity_thgingenuity-homebase-retail-activity-7186377072372588546-Urz6/?utm_source=share&utm_medium=member_android
https://www.thgingenuity.com/resources/case-studies/driving-digital-transformation-thg-ingenuity-x-homebase?utm_source=linkedin&utm_medium=organic-social&utm_campaign=Retail&utm_content=Case+Study
Give Back Beauty has secured a “long term” fragrance deal with Mercedes-Benz after acquiring the automotive brand’s licence owner INCC Parfums.
The privately-held beauty group will now be responsible for the creation, production, marketing and distribution of fragrances under the Mercedes-Benz label.
Mercedes-AMG and Mercedes-Maybach are also part of the deal.
https://www.cosmeticsbusiness.com/give-back-beauty-lands-mercedes-benz-fragrance-licence
https://www.globalcosmeticsnews.com/give-back-beauty-acquires-incc-parfums-gains-mercedes-benz-license/
THE WHAT? Give Back Beauty has acquired INCC Parfums. Financial terms of the deal were not disclosed but the move will see the manufacturer of Chopard, Zegna and Elie Saab add INCC’s Mercedes-Benz license to its portfolio.
THE DETAILS According to a report published by WWD, Give Back Beauty will take over the creation, production, marketing and global distribution of the German car manufacturer’s associated fragrance line as well as beachwear brand Vilebrequin’s body care and perfum line.
THE WHY? Corrado Brondi, Founder and Executive Chairman of Give Back Beauty told WWD, “We are happy to integrate INCC under Give Back Beauty’s roof since its key values, respect, innovation and social responsibility are very consistent with the ones of [our company].”
No liquidity in beauty comps on LSE this morning.
Trading volumes in the first hour
THG 60k shares traded
Warpaint 50k shares traded
Rev beauty ZERO SHARES traded
Is it any wonder the shorts are winning
LSE is fooked, PIs are leaving in their drones and taking billions of pounds with them. Pensions investment is down to an all time low of just 4% and there is no cash/new listings IPOs going in.
Microsoft Market Cap is worth more than the total of FTSE100 if you cannot grow your business on LSE then you have to get gone.
THG has spent £15m on splitting the groups and all optionality work is ahead of schedule.
IMHO MM has to make his move before the AGM in June which gives him just 2 months to inform the market about his strategy to release the SOTP, if he doesn't then he is fooked.
Buy On The Dips :)
@city I was away last week I went to stay with friends in Majorca when the Grand National Festival was on if that is going AWOL then so be it. I like having lots of holidays ask our Malmo/Ste/Sheila he has carried my bags on a few of them :)
I was disappointed there was no SOTP update last week but I have said since the 3 divisions were split and USA-ready that they will have to make a move and soon. IMHO this happens before the AGM, it simply has to.
The recent news rumour was started by City Spy and has nothing to do with me.
@ste on the other hand gave a specific day that bad news was coming and that was proved to be utter FUD.
I await with anticipation for the Q1 update at the end of April to see if there is any truth in the City Spy rumour.
If anything is going to happen then this would be a good time to release an update :)