More pain for online retailer THG as top insurer reduces cover
by Alex Lawson from World news | The Guardian on (#671DP)
Cut-back of cover for suppliers is latest in a series of headaches for founder of the troubled business
The troubled online beauty retailer THG faces more pain after a leading credit insurer reduced cover to its suppliers.
The Guardian can reveal that Allianz Trade, one of the UK's largest credit insurers, cut back cover for suppliers to the beauty-to-nutrition retailer, formerly known as the Hut Group, in recent weeks.
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