{"id":9332,"date":"2023-05-12T19:47:11","date_gmt":"2023-05-12T19:47:11","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/thg-terminates-takeover-talks-with-apollo\/"},"modified":"2023-05-12T19:47:11","modified_gmt":"2023-05-12T19:47:11","slug":"thg-terminates-takeover-talks-with-apollo","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/thg-terminates-takeover-talks-with-apollo\/","title":{"rendered":"THG terminates takeover talks with Apollo"},"content":{"rendered":"<p> <p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/>\n<\/p>\n<div id=\"post-135638\">\n<div class=\"td-post-content tagdiv-type\">\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"400\" class=\"entry-thumb\" src=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2023\/04\/THG-1.jpg\" srcset=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2023\/04\/THG-1.jpg 600w, https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2023\/04\/THG-1-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" alt=\"THG\" title=\"THG\"\/><\/div>\n<h6><span style=\"color: #ff6600;\">\/\/<\/span> THG ends discussions with Apollo about a possible takeover<\/h6>\n<h6><span style=\"color: #ff6600;\">\/\/\u00a0<\/span>The group said there was \u201cno longer any merit\u201d in talks and said the firm had undervalued the group<\/h6>\n<hr\/>\n<p>THG has terminated talks with Apollo Global Management about a possible takeover as it believes the private equity firm has undervalued the group.<\/p>\n<p>The Lookfantastic and Myprotein owner said on Friday there was \u201cno longer any merit\u201d in continuing to engage with the private equity firm.<\/p>\n<p>\u201cConsideration and rejection of the indicative proposal has been on a basis consistent with all previous offers for the company, some a matter of public record, which were also rejected based upon inadequate valuations and the nature of those offer structures,\u201d the group said.<\/p>\n<hr\/>\n<h5 style=\"text-align: center;\"><strong>Subscribe to Retail Gazette for free<\/strong><\/h5>\n<p style=\"text-align: center;\"><span class=\"x_al\">Sign up\u00a0here\u00a0to g<\/span><span class=\"x_al\">et the latest news straight into your inbox each morning<\/span><\/p>\n<hr\/>\n<p>Company shares soared more than 40% last month after it confirmed it had received a \u201chighly preliminary\u201d buyout proposal from Apollo.<\/p>\n<p>Last year, the business rejected several takeover proposals, which founder and chief executive Matt Moulding said had all been \u201cunacceptable\u201d and had failed \u201cto reflect the fair value of the group\u201d.<\/p>\n<p>Last month, the group revealed its full year operating losses had more than doubled to \u00a3495.6m, dragged down by\u00a0a \u00a3275.4m non-cash impairment and \u00a369.3m of non-recurring costs, such as stock provision, international delivery rerouting and administrative costs.<\/p>\n<p><em><strong>Click here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/p><\/div>\n<footer>\n<\/footer>\n<\/div>\n<p><p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\/\/ THG ends discussions with Apollo about a possible takeover \/\/\u00a0The group said there was \u201cno longer any merit\u201d in talks and said the firm [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-9332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazines"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/9332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=9332"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/9332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/9050"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=9332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=9332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=9332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}