TIDMTHG
RNS Number : 9907B
THG PLC
15 June 2021
15 June 2021
THG PLC
The Digital Brands Group
COMPLETION OF THE ACQUISITION OF BENTLEY LABORATORIES LLC
THG PLC ("THG" or the "Group"), the proprietary technology
platform specialising in taking brands direct to consumers ("D2C"),
announces that, further to the announcement made on 10 May 2021, it
has completed the acquisition of Bentley Laboratories LLC
("Bentley"), following satisfaction of the completion
conditions.
As pr eviously announced, THG has agreed to acquire Bentley for
total a consideration of $255.0 million in cash. Bentley is
expected to contribute sales of c. $77m (c. GBP55m) and adjusted
EBITDA of c. $15m (c. GBP11m) in FY 2022, and sales of c. $35m (c.
GBP25m) and adjusted EBITDA of c. $7m (c. GBP5.0m) for the
remainder of FY 2021.
Investor enquiries - THG plc
Kate Grimoldby/Clara Melia Investor.Relations@thg.com
Media enquiries -
Powerscourt - Financial PR adviser Tel: +44 (0) 20 7250
1446
Victoria Palmer-Moore/Nick Dibden/Lisa thg@powerscourt-group.com
Kavanagh/Nick Hayns
THG plc
Viki Tahmasebi Viki.tahmasebi@thg.com
ENDS
Notes to editors
THG ( www.thg.com ) is a vertically integrated, digital-first
consumer brands group, retailing its own brands in beauty and
nutrition, plus third-party brands, via its proprietary,
end-to-end, e-commerce technology, infrastructure and
brand-building platform (THG Ingenuity) to an online and global
customer base. THG's business is operated through the following
businesses:
THG Ingenuity : Ingenuity Commerce provides an end-to-end
direct-to- consumer e-commerce solution for consumer brand owners
under 'Software as a Service' (SaaS) licences. The wider Ingenuity
division provides stand-alone digital services, including hosting,
studio content, translation services and beauty product development
and manufacturing.
THG Beauty : The globally pre-eminent digital-first brand owner
and retailer in the prestige beauty market, combining its prestige
portfolio of nine owned brands across skincare, haircare and
cosmetics, the provision of a global route to market for over 1,000
third-party beauty brands through its portfolio of websites,
including Lookfantastic, Dermstore, Skinstore and Mankind and the
beauty subscription box brand GLOSSYBOX.
THG Nutrition : A manufacturer and online D2C retailer of
nutrition and wellbeing products and owner of the world's largest
sports nutrition brand Myprotein, including its family of brands
Myvegan, Myvitamins, Command, MP Clothing and Myprotein Pro.
THG OnDemand : Personalisation and customisation is a key
offering within THG OnDemand, enabling brands to offer unique
products to a vast range of consumers across THG's global
territories through websites including Zavvi, IWOOT and Pop in a
Box.
Other : Luxury D2C websites including Coggles, AllSole and
MyBag, in addition to THG Experience. The latter comprises prestige
events locations at Hale Country Club & Spa, King Street
Townhouse Hotel and Great John Street Hotel, providing deeply
experiential brand building environments, most notably in support
of THG Society, the Group's proprietary influencer marketing
platform.
THG (eco) : THG (eco) is the driving force behind the Group's
sustainability action plan. THG Eco covers the core pillars of
THG's sustainability commitment: the planet, sustainable resources,
people and livelihoods.
Cautionary Statement
Certain statements included within this announcement may
constitute "forward-looking statements" in respect of the group's
operations, performance, prospects and/or financial condition.
Forward-looking statements are sometimes, but not always,
identified by their use of a date in the future or such words and
words of similar meaning as "anticipates", "aims", "due", "could",
"may", "will", "should", "expects", "believes", "intends", "plans",
"potential", "targets", "goal" or "estimates". By their nature,
forward-looking statements involve a number of risks, uncertainties
and assumptions and actual results or events may differ materially
from those expressed or implied by those statements. Accordingly,
no assurance can be given that any particular expectation will be
met and reliance should not be placed on any forward-looking
statement. Additionally, forward-looking statements regarding past
trends or activities should not be taken as a representation that
such trends or activities will continue in the future. No
responsibility or obligation is accepted to update or revise any
forward-looking statement resulting from new information, future
events or otherwise. Nothing in this announcement should be
construed as a profit forecast. This announcement does not
constitute or form part of any offer or invitation to sell, or any
solicitation of any offer to purchase any shares or other
securities in the Company, nor shall it or any part of it or the
fact of its distribution form the basis of, or be relied on in
connection with, any contract or commitment or investment decisions
relating thereto, nor does it constitute a recommendation regarding
the shares or other securities of the Company. Past performance
cannot be relied upon as a guide to future performance and persons
needing advice should consult an independent financial adviser.
Statements in this announcement reflect the knowledge and
information available at the time of its preparation.
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END
ACQBSGDLCGBDGBU
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