Candy buys stake in THG


Candy buys stake in THG

There has been further speculation about the future of The Hut Group following reports that Nick Candy has set his sights on acquiring The Hut Group and taking it private. This was reinforced by the purchase by Candy of a £1.4m stake in the business and reports that THG’s founder & CEO Matt Mouding has said that he would likely back an offer of £3bn for the business. It is understood that there is serious intent on the part of Candy Ventures to takeover THG which has been valued at c£2.1bn. Other parties are also said to be keen to negotiate a deal  ‘way south’ of the £3bn Moulding is holding out for.

 

 

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