SoftBank leads $1bn investment in British e-commerce company THG
Deal gives the Japanese group a stake of just under 10% in the Manchester-based beauty and lifestyle e-commerce company
11 May 2021 - 17:48
London — Beauty and lifestyle e-commerce company THG has raised more than $1bn in new equity, including $730m from Japan's SoftBank Group.
The deal gives SoftBank a stake of just under 10% in the Manchester-based company formerly known as The Hut Group, and an option to invest a further $1.6bn into THG's technology arm THG Ingenuity...
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