THG Reverses Decline as Founder Allays Fears on Future Growth
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THG Plc shares reversed an earlier decline after the founder of the troubled e-commerce company talked up the future prospects for its beauty, nutrition and Ingenuity technology arms.
Chief Executive Officer Matthew Moulding said THG is making “progress on numerous fronts” with sales in its beauty division recovering, cash flow increasing and a strong pipeline of growth anticipated in its core nutrition arm and Ingenuity units, in a call with analysts.