THG plc, an initialism of its original name The Hut Group, is a global retailer and brand owner, headquartered in Manchester, England, operating through two predominantly online consumer businesses: THG Beauty and THG Nutrition. In January 2025, THG plc demerged its technology and logistics arm, THG Ingenuity, into a privately owned, stand-alone business. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was founded in Manchester in 2004 with a £500,000 investment by Matt Moulding and John Gallemore. The company sold CDs and DVDs online before creating white-label web stores for large physical retailers, including Asda, Argos Entertainment, Tesco and WHSmith. It operated a warehouse in Guernsey, allowing customers to avoid paying VAT on items priced below £18. More information...
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