º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Retail & Consumer

Second largest shareholder in retail and software giant THG increases stake

The move is the latest major shares deal regarding THG this month

THG is headquartered in Greater Manchester

The second largest shareholder in online beauty, wellness and software giant THG has further increased its stake.

Sofina Capital now has a holding of more than 9% in the Greater Manchester-headquartered group, up from just over 8%.

The private equity firm can trace its roots back more than 120 years and is headquartered in Brussels.

READ MORE: THG: All you need to know about Matthew Moulding's beauty, wellbeing and software giant

The move comes after US-based investment firm T. Rowe Price has snapped up a 5% stake in THG earlier this month.

That deal made T. Rowe Price THG's eighth largest shareholder at the time.

Co-founder, chairman and chief executive Matthew Moulding remains the largest single shareholder in THG.

At the start of November shares in THG fell to a record low after its largest institutional shareholder sold nearly half its stake.