The company previously known as The Hut Group will on Monday announce the appointment of Sue Farr as its senior independent director, Sky News learns.
Taking THG private would bring an end to more than two-and-a-half unhappy years as a listed business for Matthew Moulding, its founder and chief executive.
"A recent negative press against THG & me has had dramatically the opposite effect than intended," he wrote. Mr Moulding's comments were viewed hundreds of thousands of times, and attracted numerous comments, many of them supportive and claiming to be from retail investors in THG.
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