THG shares rise after SoftBank sells stake to Moulding and Qatar
by Julia Kollewe from on (#64VGK)
Founder of online shopping group cements control as Japanese firm offloads its holding at 450m loss
THG shares have jumped on the news that Japan's SoftBank will sell its stake in the troubled British online shopping group to its co-founder Matthew Moulding and Qatar's sovereign wealth fund.
The move has cemented Moulding's control of THG, formerly known as The Hut Group, which owns a range of internet health and beauty retailers, and ended speculation about SoftBank's disastrous investment.
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