A question for Matt Moulding15 Sep 2025 16:49
Dear Matt, I am aware you read this page.
You recently announced plans to allocate additional resources towards reducing product costs with the aim of driving revenue growth. While this strategy may be commercially attractive, I am concerned about its feasibility given that THG has not reported a profit in the past four to five years. As profits are a key enabler of reinvestment—whether in marketing, pricing strategy, or market targeting—I would like to understand how such investments are being funded in the absence of profitability.
In addition, I note that you currently serve as CEO of both THG Ingenuity and THG Remainco. As THG Ingenuity generates revenue from the increased volume handled by THG Remainco, this dual role raises potential concerns regarding conflicts of interest. Specifically, the allocation of additional resources to Ingenuity could be seen as reducing Remainco’s profitability, thereby adversely affecting overall shareholder returns.
This matter warrants careful consideration, as it appears to be reflected in the current trajectory of the company’s share price. I would be grateful if you could clarify how THG intends to address these issues and safeguard the interests of its shareholders.