THG is attracting the wrong kind of attention. At least that’s the view of Matthew Moulding, the founder and chief executive of the group that makes Myprotein, athleisure wear, and helps companies like Coca-Cola sell directly to consumers. On Thursday, the gym enthusiast said the company, which has lost over 85% of its value in 12 months, had received numerous approaches which all failed to reflect its value. THG’s shares rose over 15% on the news.
Editing by George Hay and Streisand NetoOpinions expressed are those of the author.
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