Former Sale Sharks and Stockport County owner buys £37m stake in Manchester giant THG
One of Britain's richest men, who used to own Sale Sharks and Stockport County, has snapped up a £37m stake in Manchester-headquartered online retail and software giant THG.
Mr Kennedy co-financed Tommy Lee Jones film The Homesman in 2014 and made his fortune from a number of companies including the double-glazing firm Everest.Mr Kennedy had a fortune of £275m in 2019, according to the Sunday Times Rich List, and now chairs private equity firm Latium Enterprises. The deal means that Mr Kennedy is the sixth largest shareholder in THG behind CEO Matthew Moulding, Sofina SA, Balderton Capital , Qatar Investment Authority and Jupiter Asset Management.
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