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THG Falls Out of FTSE 250 as Beauty Gains Fail to Offset Nutrition Decline
Online retail group THG will be removed from the FTSE 250 index following a sharp drop in its share value. The post THG Falls Out of FTSE 250 as Beauty Gains Fail to Offset Nutrition Decline appeared first on Global Cosmetics News.
THE WHAT? Online retail group THG will be removed from the FTSE 250 index following a sharp drop in its share value.
THE DETAILS FTSE Russell confirmed THG’s demotion after the company’s market cap fell to £353 million, down from a £5.4 billion peak in 2021. While its beauty division has shown some growth, a weak performance in the nutrition segment, including MyProtein, led to a 5% revenue decline last year. Wickes, Avon Technologies, and others will join the index in THG’s place.
THE WHY? THG’s continued struggles in nutrition have overshadowed its beauty business, raising investor concerns and costing it a place among the UK’s top mid-cap firms.
Source: The Independent
The post THG Falls Out of FTSE 250 as Beauty Gains Fail to Offset Nutrition Decline appeared first on Global Cosmetics News.
