The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
These events are very popular
https://www.sports-insight.co.uk/news/tough-mudder-and-spartan-welcome-myprotein-as-official-nutrition-partner
10 August 2023
Tern Plc
("Tern" or the "Company")
Board and Management Restructuring
Directorate Changes
Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, announces a number of changes to the board of the Company (the "Board") and the Company's management structure.
Matthew Scherba and Bruce Leith have both stepped down from the Board with immediate effect. Matthew Scherba, having been on secondment to Tern's portfolio company InVMA Limited, intends to transition to the full time Chief Executive Officer position at Konektio during August 2023. Bruce Leith will remain with Tern as an employee and a member of its senior management team.
Sarah Payne will step down as the Company's Chief Financial Officer and Company Secretary on or before 30 September 2023 to take up a position with another company, but will remain on the Board as a Non-Executive Director. A further announcement will be made when this change occurs. The Company expects to shortly appoint a part-time Chief Financial Officer, which will be a non-Board position.
Following these changes, the Board of the Company will comprise: Ian Ritchie (Non-executive Chairman), Alan Howarth (Senior Independent Non-Executive Director) and Sarah Payne (Non-executive Director).
The Board will be supported by a non-Board senior executive management team comprising: Al Sisto (as Chief Executive Officer), Bruce Leith and a part-time Chief Financial Officer. The senior management team will receive materially reduced remuneration from the levels they received when members of the Board.
In addition, the Company is implementing other cost saving measures, including moving to a lower cost office. However, the Company will continue to be required to incur legal and other professional fees associated with the portfolio companies and being an AIM quoted company at least at historic levels, before any additional professional costs, in particular legal costs, incurred in relation with the disposal of any portfolio company holding. Overall, the measures being implemented are expected to save approximately 40% of the Company's overall central costs in 2024, when compared to the level for 2022.
No compensation is being paid to any individual for loss of office or the change in their role. Additionally, on the disposal of Tern's holding in any of its portfolio companies the Board has resolved that no more that 10% of the net disposal proceeds will be available for additional Board, management or employee remuneration.
This Board and management restructuring is intended to provide an appropriate governance and management structure for the Company, at significantly reduced cost, as the Company seeks to realise value from its portfolio of IoT technology businesses. It is the Board's intention that the Company will not invest in any com
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I expect people will be buying from Thg's site,if I remember correctly they do personalised products for co's such as Toblerone
https://www.dailymail.co.uk/femail/food/article-12388409/Toblerone-announces-major-product-update.html?ito=social-facebook-dtjh&fbclid=IwAR1NTApF9Qei_C9AMgjMr8hBC1ovFLKntBhDoIdo4hsyPp-orJav12KkXmU
Https://www.business-live.co.uk/retail-consumer/thg-rebrands-myprotein-after-pressure-27480724
I might have missed the fact that the Gillette Uk site is powered by Thg Ingenuity (feel free to correct me if it's known)
https://www.gillette.co.uk/?gad=1&gclid=EAIaIQobChMI6Izfh_LNgAMVyOPtCh209Q3fEAAYASAAEgLo6fD_BwE
Interestingly Gillette is owned by Proctor and Gamble
City A.M., London’s leading business newspaper is looking for Multiple Journalists, due to key investment from THG as part of our recent acquisition. This is a very exciting time for the business, as we will be driving growth and change to really develop CityAM into the Media company it deserves.
We are looking for ambitious journalists with experience of writing long form pieces, features and opinion to join our reporting desk. This is a very exciting time for the business, as we will be driving growth and change to really develop CityAM into the Media company it deserves.
Areas include:
Banking
Professional Services
Business
News (including on App)
Overview:
The ideal candidate will be interested in business, politics and the intersection between the two. They will bring thoughtful ideas on how to cover the news of the day as well as broader features that will spark interest and debate among our readers.
The right candidate will be able to break corporate news in minutes as well as write longer features on trends and topics across the industry.
This role is perfect for an ambitious hack looking to make a name for themselves as a business journalist.
The candidate will be excited to be a part of a newsroom which is both online and print, and keen to push forward City A.M.'s online presence. As such, a strong understanding of SEO would be an asset.
Above all else, the individual must believe in London, its people and its businesses.
https://www.linkedin.com/jobs/view/reporter-banking-professional-services-news-at-thg-3688319311/?originalSubdomain=uk
One of the names on the list is Rashmi-rai
https://www.herzindagi.com/fitness/rashmi-rai-google-top-fitness-influencer-journey-article-192362
Thg playing a masterstroke again launching the Butterscotch flavour on National Independance Day and using some
high profile influencers for promotion
The brand has partnered with Indian athletes and influencers including Jayesh Rane, Mukesh Gahlot, Jeet Selal, Sonali Swami, Shilpa Thapa, Rashmi Rai, Afreen Hyder and more, with the campaign featuring famous players from various disciplines across Football, Basketball, Cricket, Taekwondo, MMA and the fitness community.
My hunch is that this is a new role dedicated soley to the Tesco partnership,my inkling is that there will be
a bigger/wider own brand my protein product offering from Tescos and this requires a dedicated national account
manager on Thg's side
My tingly Isenses are telling me that some sort of Iceland type deal will be done with Tescos,
Interesting part from job ad :-Tesco is a key strategic account for THG Nutrition & Wellness with huge headroom for growth
The Role
We are looking for a National Account Manager to join our growing UK retail team. The successful candidate will be responsible for managing the Tesco Group accounts with full ownership of the P&L for this area.
Tesco is a key strategic account for THG Nutrition & Wellness with huge headroom for growth. It will give the successful applicant a fantastic opportunity to take a lead role in developing the account and shaping the wider retail presence of the world’s leading sports nutrition brand.
You’ll join a fast paced, multi-functional retail team and will need to regularly influence several key internal and external stakeholders to ensure our business plans land with maximum impact.
I was just about to post
Loooks as if the guy who was put in place to run everymile left his job in Jan 2023
Https://www.linkedin.com/in/marksteel220/?originalSubdomain=uk
I meant everymile
https://www.wpp.com/news/2022/04/wpp-expands-into-end-to-end-ecommerce-with-the-launch-of-everymile
HEADLINES
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Full price sales1 in the second quarter (May-July) were up +6.9% on last year.
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On 19 June we issued an unscheduled Trading Statement after a period of much better than expected full price sales, mainly driven by exceptionally warm weather. Since then, full price sales have been up +3.7% on last year. This was ahead of our guidance of +0.5%.
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The end-of-season Sale has gone well and clearance rates were ahead of our expectations.
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We are increasing our full year guidance for Group profit before tax by £10m to £845m.
1. Full price sales are VAT exclusive sales (including the full value of commission based sales), less items sold in Sale events and Clearance. They also exclude Joules sales and sales through Total Platform. Full price sales are not statutory sales.