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THG ‘sheds its skin’ in year of rebirth – Moulding

Published: December 16, 2025 at 8:32 am

Author: Chris Maguire

THG CEO Matt Moulding has used the company’s end-of-year presentation to give an upbeat assessment of the online retailer’s fortunes.

Last week it was revealed the entrepreneur had increased his stake in the Manchester-headquartered online retailer to 25 per cent after the conversion of a convertible loan.

At the start of the year, THG Ingenuity became a standalone business after demerging from the profitable THG Beauty and THG Nutrition.

Moulding used THG’s end-of-year presentation to tell staff that the company was well placed to take advantage of a restructuring process that had seen it almost half its payroll.

The presentation focused on 2025 as the Year of the Snake and 2026 as the Year of the Horse –  and what that symbolism meant for THG.

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