After launching the UK’s biggest IPO in five years, The Hut Group (THG) founder and chief executive Matt Moulding has made the bold decision to donate £100m of shares to charity.
Most chief executives would be looking to buy another yacht or invest in other companies, but Moulding has chosen to distribute his significant fortune between a range of charities, through his newly created Moulding Foundation in an act of ”good karma”.
”It’s a necessity. It’s a responsibility that you get when you get to this position [to give to charity],” he said.
”I can’t even believe I’m in the position to do this – it’s bizarre for me that I’m even having this conversation.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.