LONDON: Frasers Group plc and THG plc have entered a multi-year partnership that will mutually enhance retail operations at both groups, aligning with Frasers Group’s Elevation Strategy. The partnership includes the integration of customer credit and loyalty proposition, Frasers Plus into THG’s Ingenuity platform, benefiting customers across THG retail sites. This marks the first Frasers…
Tag: THG plc
THG Plc reports 8.4% decline in total group revenue
LONDON, UK: THG Plc has reported a decline in total group revenue by 8.4% year-over-year (YoY), a move attributed to the company’s decisive action to phase out unprofitable categories. Despite these challenges, the group’s continuing revenue stood at £1.983 billion, a modest decrease of 2.8%, as the focus shifted towards sales and territories with higher…
THG Plc agrees to acquire Biossance for a maximum $20 million
LONDON, UK: THG Plc has agreed to acquire prestige skincare brand Biossance for a maximum consideration of $20 million. Since inception in 2015, Biossance has generated global revenues of c. $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…
Mode formally signs contract with THG for payments launch
LONDON, UK: Mode Global Holdings Plc has now formally signed with THG Plc, the proprietary technology platform specialising in taking brands direct to consumers globally. This follows the Memorandum of Understanding (MOU) that was previously announced on June 14. Mode will be available to use when paying at THG brands starting from the end of…
Mode Global partners with THG plc for payments launch
LONDON, UK: Mode Global Holdings has signed an MoU with THG Plc, the proprietary technology platform specialising in taking brands direct to consumers globally, which will see THG brands offering Mode as an additional payment option for customers. Through this partnership, Mode will leverage the power of Bitcoin and Open Banking to bring an innovative…