THG is an international technology company focused on digital retail in the beauty and wellbeing sectors.

* Sofina is represented in the decision-making bodies of the company.


Consumer and retail

Shareholding percentage


International sales




Turnover at 31/12/2022

GBP 2.2 bn

Turnover growth in 2022


Founded in 2004 by CEO Matthew Moulding and having conducted its IPO on the London Stock Exchange in September 2020, THG now operates more than 180of websites, retailing to customers in more than 160 countries. THG focuses on the beauty & personal care and wellbeing segments through the management of its own brands and the operating of marketplaces. The group is powered by Ingenuity, its proprietary technology platform. The firm wholly owns and operates a globally integrated end-to-end set of technology services and components that spans hosting, warehousing, fulfilment, data science, e-commerce technologies, and payment solutions that are integrated with customer service.

This seamless integration makes Ingenuity a unique technology platform proven to power brand growth on a global scale; both for THG, serving its own brands and retail sites, and for some of the world’s most innovative organisations.

Investment history

United Kingdom | 2016

Sofina acquired an initial stake in the company in 2016 in order to finance the expansion of the group. Throughout 2017, 2018 and 2019, Sofina purchased additional shares through both primary and secondary transactions in order to support the group’s fast growth. Finally, in 2020, Sofina supported the company’s IPO and took the opportunity to further strengthen its capital base.