In a year of London market blow-ups, it’s hard to know where to rank THG’s capitulation.Following a difficult year for the shares of the Manchester-based-protein-powder-slash-beauty-retailer-slash-wannabe-e-commerce-platform-provider, investors expected clarity from its Capital Markets Day on Tuesday. Clarity over its Softbank-backed Ingenuity platform, clarity over its margins and clarity over its restructuring plans. Instead, they got a jibe at short sellers. THG’s shares swiftly took a 35 per cent haircut. They’re now down some 65 per cent this year.Plenty of questions have been asked of Matt Moulding’s knotty retail empire. But a recurring one concerns a certain property sale and leaseback his own investment vehicle did with THG, just before its September IPO last year.The
FT Alphaville considers the following as important:
This could be interesting, too:
Paul Krugman writes Does Europe’s Lower Inflation Hold Lessons for America?
Paul Krugman writes What Europe Can Teach Us About Jobs
conversableeconomist writes Some Economics of Place Effects
Tim Harford writes The best podcasts of 2021
In a year of London