THG PLC (THG.L): Navigating Challenges in the Consumer Cyclical Sector

THG PLC (THG.L): Navigating Challenges in the Consumer Cyclical Sector

THG Plc, a key player in the internet retail industry, presents an intriguing case for investors with its diverse array of operations under the consumer cyclical sector. Headquartered in Altrincham, United Kingdom, THG has carved a niche in e-commerce technology, operating across the UK, the US, and Europe through its distinct segments: THG Beauty, THG Nutrition, and THG Ingenuity. As the company continues to navigate the challenges posed by the…

THG cuts headcount by 40% in three years

Online retail giant THG has cut its headcount by around 40 per cent in the last three years. CEO and founder Matt Moulding has revealed the combination of reducing the firm’s global workforce from around 10,200 to 6,300 in the three years to 2024, and cutting back on capex, has saved THG more than £200m annually. The 53-year-old said by reinvesting the savings back in the business, THG was perfectly placed to capitalise on the demerger of Ingenu…