IN BRIEF: Frasers Group has 4.8% stake in partner THG

THG PLC - Manchester-based e-commerce retailer of consumer beauty and nutrition products - ...

Alliance News 28 January, 2025 | 10:28AM
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THG PLC - Manchester-based e-commerce retailer of consumer beauty and nutrition products - Frasers Group PLC holds 63.1 million THG shares, a 4.8% stake, as of Friday last week, THG says in a stock exchange announcement on Tuesday, providing no other details. At the current market price, the stake is worth GBP26.6 million. Back in June, Shirebrook, England-based retailer Frasers and THG signed a cooperation agreement that included the launch of THG's Myprotein products in Frasers' Sports Direct stores. In October, Frasers invested GBP10 million in THG by taking part in an equity raise conducted to support the spin-off of THG's Ingenuity technology business. On Thursday last week, THG provided a positive trading update, having completed the demerger of Ingenuity at the start of the month.

Current stock price: 42.00 pence, up 5.0% in London on Tuesday

12-month change: down 37%

By Tom Waite, Alliance News editor

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Frasers Group PLC 621.00 GBX 0.40 -
THG PLC Ordinary Share 40.10 GBX -1.67 -

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