From: THG PLC
THG (www.thg.com) is a global innovator revolutionising how brands connect to a worldwide consumer base. We are transforming how consumer brands go to market in the digital age. We have built a portfolio of leading digital beauty, health, wellness, and sports nutrition brands that are capitalising on the global growth opportunities, supported by the accelerating consumer shift to the e-commerce channel.
THG is home to three key divisions: Beauty, Nutrition, and Ingenuity. All brands, whether in-house or third parties are powered by our complete commerce division Ingenuity, which is a flexible and scalable offering formed of a combination of complex e-commerce technologies, physical assets, infrastructure, and brand building capabilities.
THG Beauty is home to leading online pure-play retailers for prestige beauty products and brings together global online multi-brand retail subscription boxes, owned prestige brands along with production and innovation. It operates leading pure-plays sites such as Lookfantastic, Cult Beauty and Dermstore, offering more than 1,300 premium brands across the skincare, haircare, cosmetics and fragrance categories.
THG Nutrition is a group of digital-first nutrition and wellbeing brands, including the world’s largest online sports nutrition brand, Myprotein, and it’s family of brands. The division is driven by a vertically integrated business model and supported by global THG-owned production facilities. The division manufactures and develops over 80% of its nutrition products by revenue in-house through a network of global facilities across the UK, USA and Europe.
THG PLC is a global eCommerce technology group that specializes in creating and operating digital commerce platforms for brands and retailers. The company’s mission is to help businesses succeed online by providing them with the technology, infrastructure, and expertise they need to reach their customers and grow their sales.
THG’s platform is used by a wide range of businesses, including large multinational corporations, mid-sized businesses, and small businesses. The company’s clients operate in a variety of industries, including fashion, beauty, health, food, and homeware.
THG’s platform is powered by its own proprietary technology, which is designed to be scalable, flexible, and secure. The platform provides a wide range of features, including:
- Product management: THG’s platform allows businesses to manage their product information, including images, descriptions, and pricing.
- Order management: THG’s platform allows businesses to manage their orders, including processing payments, shipping products, and tracking deliveries.
- Customer relationship management (CRM): THG’s platform allows businesses to manage their customer relationships, including collecting customer data, sending marketing emails, and providing customer support.
THG also provides a range of other services to its clients, such as:
- Marketing: THG can help businesses market their products and services online, including through search engine optimization (SEO), pay-per-click (PPC) advertising, and social media marketing.
- Fulfillment: THG can fulfill orders for its clients, including warehousing,picking and packing, and shipping.
- Logistics: THG can provide logistics services to its clients, including transportation and delivery.
THG is a rapidly growing company. In 2022, the company’s revenue was £5.6 billion, and its gross profit was £1.2 billion. The company has a strong track record of growth, and it is expected to continue to grow in the years to come.
THG is a publicly traded company on the London Stock Exchange. The company’s current market capitalization is £2.8 billion.
THG to buy skincare brand Biossance for up to $20m
THG said on Tuesday that it has agreed to buy prestige skincare brand Biossance for up to $20m.
The business is being bought from US biotechnology group Amyris Inc, which recently started voluntary Chapter 11 proceedings.
Founded in 2015, Biossance has generated global revenues of around $300m and is currently stocked in over 1,600 stores globally including Sephora, Harrods, Space NK, Douglas and Selfridges plus online through www.biossance.com, Lookfantastic and Cult Beauty.
Share Price Information for Thg (THG)
Share Price: 78.08
Bid: 78.08
Ask: 78.24
Change: -0.16 (-0.20%)
Spread: 0.16 (0.205%)
Open: 79.00
High: 79.06
Low: 76.00
What does THG plc do?
THG PLC: Overview
It manufactures and markets nutrition products under the brand name Myprotein Pro, Myvitamin, MP Clothing and Myvegan. The company also provides digital platform and SaaS solutions for brands to market their products on e-commerce platform.