THG (GB:THG) has released an update.
THG PLC has reported consistent year-on-year revenue growth for the third consecutive quarter, driven by strong performance in its Beauty, Ingenuity, and offline Nutrition sectors, with FY 2024 guidance remaining steady. The company announced a multi-year partnership with Frasers Group PLC, involving THG Ingenuity’s technology services and the expansion of Myprotein products in Sports Direct stores. Additionally, THG is poised to sell its luxury goods websites to the Frasers Group, while continuing to provide support through its Ingenuity platform.
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