REG - THG PLC - Ingenuity fulfilment partnership

THGAnnouncement

16/01/2024 07:00

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RNS Number : 7688Z  THG PLC  16 January 2024

16 January 2024

 

 

THG PLC

 

THG Ingenuity announces Enterprise fulfilment partnership

 

New and expanded Ingenuity partnerships contributing c.£175m incremental GMV

 

 

THG PLC ("THG" or the "Group"), today announces an agreement in principle with
leading UK wellness retailer Holland & Barrett ("H&B"), regarding a
major new Ingenuity partnership.

 

Subject to the ongoing employee consultation process, from Q2 2024, H&B
will utilise THG's automated facilities in the UK. The three-year agreement
will see THG Ingenuity become H&B's main ecommerce UK and Ireland
operational partner, providing fulfilment and courier management services for
H&B's rapidly scaling digital business.

 

THG's best-in-class automated facilities and proprietary software has been
developed with a D2C customer first view, with clients benefiting from leading
UK delivery service levels and a sophisticated courier management system,
whilst leveraging the scale and capacity of 13 international fulfilment
centres.

 

Today the Group also announced in its Q4 2023 trading statement, continued
progress on its Enterprise strategy, signing major brands including L'Oreal,
Access Corporate Group and PepsiCo, while broadening partnerships with Asda
and Mondelez.

 

Together these partnerships will add c.£175m of incremental GMV to the
Ingenuity operations and technology platform during 2024.

 

 

Matthew Moulding, Chief Executive Officer, THG PLC, commented:

 

"Holland & Barrett is one of the UK's largest health and wellness
retailers, and a major online player. We're delighted to be supporting their
ecommerce ambitions through underpinning their operational efforts for D2C
fulfilment and courier management services, directly into their customers
hands.

 

"We feel this is a true demonstration of how the THG Ingenuity platform can
provide incremental services to established brands, delivering operational
excellence, becoming world class at a fraction of the cost and in a fraction
of the time."

 

 

Anthony Houghton, Chief Operating Officer, Holland & Barrett, commented:

 

"Holland & Barrett's goal is to be the trusted health and wellness partner
for over 100 million people globally by 2026. We're growing as a business,
with digital sales making a significant volume of our total sales.  Our
proposed three-year partnership with THG Ingenuity will mean we can continue
to grow at pace with a partner who are industry experts in D2C fulfilment,
while we invest in transforming our supply chain capabilities."

 

 

For further information please contact:

 

 Investor enquiries:
 Greg Feehely, SVP Investor Relations                                    Investor.Relations@thg.com (mailto:Investor.Relations@thg.com)

 Kate Grimoldby, Director of Investor Relations and Strategic Projects

 Media enquiries:
 Powerscourt - Financial PR adviser                                      Tel: +44 (0) 20 7250 1446
 Victoria Palmer-Moore/Nick Dibden/Russ Lynch                            thg@powerscourt-group.com (mailto:thg@powerscourt-group.com)

 THG PLC

 Viki Tahmasebi                                                          Viki.tahmasebi@thg.com (mailto:Viki.tahmasebi@thg.com)

ENDS

Notes to editors

THG PLC operates three distinct businesses in THG Beauty, THG Nutrition and
THG Ingenuity, each scaled from the UK to hold global leading positions in
their respective sectors.

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