THG snaps up business newspaper City AM

Matt Moulding

Source: Peter Searle

THG, which owns brands such as Lookfantastic and MyProtein, has snapped up London-based business newspaper City AM in an 11th-hour deal to save the newspaper from the brink of insolvency.

The acquisition will see co-founder and City Am chief executive Jens Torpe retiring from the business, while 40 editorial and commercial staff will join the THG Group.

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