THG - IC TRADER7 Feb 2022 22:00
THG down after Friday feast
After a quick run-up on Friday, THG’s (THG) share price is back in negative territory, coming off almost 5 per cent on Monday morning. The online retailer was the centre of buyout speculation late last week following its spectacular valuation collapse since listing a year ago. Its share price is now 84 per cent down from its listing price of just under 800p.
Over the weekend, The Sunday Times reported private equity firm Advent International had visited THG’s offices, following up on a Betaville report from last week that detailed “rumours” of interest from Advent, Leonard Green Partners and Apollo.
The value in THG is largely its beauty and nutrition sales, which climbed strongly last year. The beauty division crossed the £1bn in sales mark, an increase of almost half on 2020. AH