The Hut Group raises £1.88bn

The Hut Group (THG) has raised a record £1.88bn in its flotation. Chairman and CEO Matthew Moulding, who has come under fire for holding both senior roles at the business he founded as well as for taking personal ownership and acting as landlord of the business across its freehold premises commented: “I am delighted that THG received such strong support from some of the world’s largest investors, which means we have been able to achieve a highly successful offer of shares in the company. The results of the offer are a clear validation of our business model, significant growth prospects, and recognition of the hard work and talent of all of our colleagues.”