THG losses balloon amid takeover talks

The online retailer incurred an operating loss of almost £500mn last year

April 18, 2023

£275mn non-cash impairment
Slow start to 2023

THG (THG) – formerly known as The Hut Group – faced “unquestionably the most challenging global environment” it had ever encountered in 2022, according to founder Matthew Moulding.

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