THG has been hit by further negative market action as rumours have spread that certain of the suppliers to its THG Beauty division are restricting supply of stock to the business amid concerns of heavy discounting. The story, which originally broke in The Telegraph, said that THG Beauty had been heavily discounting pricing on products in order to meet sales targets and that Unilever owned skincare brand Dermologica was reducing supplies in order to protect its pricing in the wider market.
It certainly seems that the campaign against THG is relentless and some are quipping that Matt Moulding and the THG business has/has had something of a Dominic Cummings in its midst on a concerted mission to topple Moulding.
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