Second largest shareholder in retail and software giant increases stake

The second largest shareholder in online beauty, wellness and software giant THG has further increased its stake.Sofina Capital now has a holding of more than 9% in the Greater Manchester-headquartered group, up from just over 8%. The private equity firm can trace its roots back more than 120 years and is headquartered in Brussels. READ MORE: THG: All you need to know about Matthew Moulding’s beauty, wellbeing and software giant The move comes after US-based investment firm T. Rowe Price has snapped up a 5% stake in THG earlier this month. That deal made T. Rowe Price THG’s eighth largest shareholder at the time. Co-founder, chairman and chief executive Matthew Moulding remains the largest single shareholder in THG. At the start of November shares in THG fell to a record low after its largest institutional shareholder sold nearly half its stake.
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