![]() ![]() ![]() THG also raised revenue growth expectations for its Ingenuity business, as it flagged 131% growth for the platform arm in the latest period. The ecommerce group also announced that group revenues increased by 38% to £507.8 million in the quarter to September, against the same period last year. ![]() It comes after THG said last week that its founder, chief executive and chairman, Matthew Moulding, would relinquish his golden share shareholder structure, which stopped it from being included on London’s FTSE indices. On Tuesday, THG confirmed that it has hired recruitment firm Russell Reynolds to find an independent non-executive chairman as part of plans to move the firm to a premium listing on the London Stock Exchange. Earlier this month, the group held a capital markets day and sought to soothe worries, but it backfired as the company’s value crashed by 35% that afternoon. ![]()
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