THG shares tumble as investor crisis meeting backfires

THG @ Airport City 2 (002)

THG’s share price plunged by a third in the hours following its Capital Markets Day yesterday, as the attempt to calm investors’ concerns about the business appeared to fall on deaf ears.

Around £1.8bn was wiped off of the online beauty company’s market value yesterday following the retailer’s capital markets day, where the group shared its 2030 sustainability strategy with investors.

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