Matthew Moulding continues to build his shareholding Kelso, the activist firm that has been pushing for a break up of THG, the London-listed online retail group set up by the controversial businessman.
Kelso, led by stockbroker John Goold, this morning declared that Moulding, who now owns City AM, has upped his shareholding to 8.4pc of the investment vehicle. Below is a link to the announcement:..
Matthew Moulding has just upped his stake in Kelso, the activist firm that is pushing for the break up of some of THG.
This morning Kelso - which is led by veteran City stockbroker John Goold - declared that Moulding, the founder and boss of THG, now has just over 6pc of THG. Below is a link to the announcement:..
The plot thickens with Matt Moulding's stakebuilding in Kelso Group.
This morning it has emerged that Angus Monro, the former chief executive of Matalan, has also bought a 3pc stake John Goold's Kelso Group, the activist investment vehicle pushing for a strategic change at THG. Below is a link to the announcement:..
Here is an interesting twist on the whole THG/Matt Moulding versus the stockmarket story.
Moulding, the founder of online retailer THG who has repeatedly criticised City of London investors since floating on the London market, has bought a 3.2pc in Kelso Group, which is run by the well known stockbroker John Goold. Below is a link to this morning's announcement:..
Mark "The Kleinmanator" Kleinman of Sky News has popped up this morning with a decent tale about THG, the London-listed online retailer.
Now, loyal subscribers to Betaville Intelligence content will know that THG has come back onto little old Betaville's radar recently though not for the reasons the Kleinmanator is suggesting...
There is right old dust up going on between Matt Moulding, the founder and boss of THG (also known as The Hut Group), and the venerable Financial Times.
Moulding has just gone completely beserk, releasing a lengthy attack on the FT on Linked In, where you get to self-publish i.e. write whatever you like to promote your own agenda. Little old Betaville isn't going to provide the link to his latest rant as it would appear to contain potential libels...
So, takeover talks between THG and Apollo are off.
And Matt Moulding, the chief executive and founder of the online retailer, has released a highly unusual rant (please excuse the expletive within his copy) on his Linked In page about the whole situation whilst also taking verbal potshots at a variety of City types.
I have pasted it below for interested readers:..
A certain Brian George Kennedy has disclosed he now owns a 2.8pc shareholding in THG, the London-listed online retailer.
If this the same Brian Kennedy little old Betaville is thinking of then it's the Manchester-based tycoon who built a multi-million pound fortune from selling double glazing and who once owned Premier League winning Sale Sharks rugby club. Below is the link the statement announcement the stake:..
There is an old saying on Fleet Street: three makes a journalistic trend.
So, no wonder little Betaville's old boss, Richard "Fletch" Fletcher, decided splash his business section in The Times for the second time in several days on the sudden mini M&A boom following takeover approaches fo London-listed THG, Network International and Dechra Pharmaceuticals...