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THG plc: Business Overview, Financials & Competitive Analysis

THG plc is a global retailer and brand owner headquartered in Manchester, England, operating through two predominantly online consumer businesses: THG Beauty and THG Nutrition. THG Beauty sells own-brand and third par...

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What's in This Report
THG plc OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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6/ 10Solid

Cyborg Score thesis

Focused beauty and nutrition player with returning growth momentum, though strategic repositioning creates near-term execution...

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Industry E-Commerce Retail - Health, Beauty & Nutrition
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: June 15, 2026
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THG plc Overview

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THG plc is a global retailer and brand owner headquartered in Manchester, England, operating through two predominantly online consumer businesses: THG Beauty and THG Nutrition. THG Beauty sells own-brand and third party cosmetics, including skincare, haircare, makeup and fragrances, with owned brands including Ameliorate, Biossance, Christophe Robin, ESPA, Grow Gorgeous, and Perricone MD and web stores including Lookfantastic, Cult Beauty, and Dermstore.

Strategic Profile

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In January 2025, THG plc demerged its technology and logistics arm, THG Ingenuity, into a privately owned, stand-alone business, allowing the company to focus on its core beauty and nutrition retail operations. In June 2024, THG sold its Luxury division, including designer clothing, accessories and homeware web stores Allsole, Coggles, MyBag and The Hut, to Frasers Group. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Competitive Landscape

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Top competitors of THG include TechStyle, GlobalBees and Merama. THG operates hundreds of localized beauty and nutrition websites with owned brands providing competitive differentiation versus pure marketplace players.

Industry Context

THG plc operates in E-Commerce Retail - Health, Beauty & Nutrition.

Key facts

Founded: 2004 · Headquarters: Manchester, UK · Employees: 8,607 · Revenue: £807M

What the analysts stress-tested

The top findings that survived the multi-agent debate for THG plc.

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

TechStyleFashion e-commerce platformGlobalBeesD2C brand aggregator platformMeramaAsian D2C brand aggregator

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Industry context

THG plc operates in E-Commerce Retail - Health, Beauty & Nutrition. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does THG plc do?+
THG plc is a global retailer and brand owner headquartered in Manchester, England, operating through two predominantly online consumer businesses: THG Beauty and THG Nutrition. THG Beauty sells own-brand and third par...
What is THG plc's Cyborg Score?+
THG plc has a Cyborg Score of 6/10 (Solid). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are THG plc's main competitors?+
Named competitors include TechStyle, GlobalBees, Merama. The full competitive landscape is in the AskCyborg report.
How can I get the full THG plc research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the THG plc research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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