am posting this - not much substance IMO17 Apr 2022 21:15
HG has suffered another blow with the exit of the founder of one of its leading beauty businesses with brands complaining of late payments. Alexia Inge, co-founder of Cult Beauty, which sold skincare, haircare and cosmetics brands, wrote to staff this month to announce her departure. THG acquired Cult Beauty for £275m in 2021. It joined THG's other brands, such as Lookfantastic and Myprotein. Yet both current and former employees told The Sunday Times that the company's culture had worsened since the purchase. One employee added that brands were not being paid as they used to be. The owner of a beauty brand said: "Cult Beauty used to be great at paying on time [60 days], but ever since the THG acquisition, we haven't been paid once." - The Sunday Times