The Hut Group (THG) is a British e-commerce company headquartered at Manchester Airport, England. It operates over 100 international websites that takes brands direct to consumer through its proprietary e-commerce platform. As of 2015, THG’s sales had predominantly been outside the UK.
In just 16 years, The Hut Group (THG) has become a globally renowned end-to-end tech platform specialising in taking brands direct to consumers worldwide, powered by THG Ingenuity.
In 2017, THG was valued at more than £2.5 billion making it one of the most valuable private companies in the United Kingdom, and one of the UK’s many unicorns. On 16 September 2020, THG floated on the London Stock Exchange, the largest IPO on the LSE since 2013. Share prices quickly increased in value by 25% before stabilising.
THG was founded in 2004 by Matthew Moulding and John Gallemore. Moulding launched the company with a £500,000 investment, focusing on entertainment products such as music and gaming.
THG originally created white-label websites for large physical retailers. These included ASDA, Argos Entertainment, Tesco and WHSmith.
In May 2021, THG was awarded Best Company to work for accreditation
The Hut Group (THG) has pursued an acquisition strategy of mainly taking full ownership of E-Commerce businesses in a variety of retail sectors and putting the websites onto its proprietary technology platform.
The hut Group share price
−2.00 (0.33%) today
2 Jul, 4:35 pm GMT+1 ·