UK e-commerce firm THG ends investment deal with Japan’s SoftBank

Company, which owns sites such as Lookfantastic and Zavvi, blames global macroeconomic conditions'

The online shopping group THG has ended an agreement under which the Japanese conglomerate SoftBank had agreed to invest in it, blaming global macroeconomic conditions".

The company formerly known as The Hut Group, which owns a range of internet health and beauty retailers, secured $730m (610m) of new investment from a division of SoftBank to help fund expansion of its technology platform a few months before it listed in London.