THG chief Matt Moulding gives up ‘golden’ share

Retail group says Moulding has ‘transferred’ share that had given him power to veto hostile takeovers

Matt Moulding, the founder and chief executive of online retail platform THG, has given up his “golden” share allowing him to block any attempt to takeover the company, months after he was due to surrender it.

THG – formerly known as The Hut Group and the owner of retail sites LookFantastic, Glossybox, Zavvi and Coggles – first pledged to cancel Moulding’s controlling share in October 2021, after a disastrous investor presentation triggered a 35% one-day crash in its share price.