• THG rejects all ‘unacceptable' buyout bids, investment firms exit takeover race

    10 days ago - By Fashion United

    Image: THG founder and CEO Matthew Moulding
    The Hut Group said Thursday it has rejected all recent takeover bids for the company as they “significantly undervalued” the business.
    In May, THG revealed it had turned down a 2 billion pound joint takeover bid from investment companies Belerion Capital Group Limited and King Street Capital Management.
    On the same day, the group announced that investment firm Candy Ventures, controlled by property tycoon Nick Candy, was in the “very early stages of considering” a takeover of the business.
    But on Thursday, the company said all recent offers “were...
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