In its most recent financial results, the three months to October 25, THG's group revenue rose from £507.8m to £518.6m. The move saw SoftBank make a £450m loss after it bought an 8% holding in THG in May 2021.Ī $1.6bn deal that would have seen SoftBank take a near 20% stake in a major division of THG was abandoned in July last year. 9 Aimblox Codes 10 Airplane Simulator Codes 11 Airport Tycoon Codes. Japanese technology investment giant SoftBank announced in October that it had sold its entire stake to THG co-founder Matthew Moulding and Qatar Investment Authority, the country's sovereign wealth fund. 1 A Benders Will 2 Codes 2 A Bizarre Day Codes 3 A 0ne Piece Game Codes. The news follows a turbulent 2022 for THG which saw its shares start to recover from hitting historic lows. READ MORE: Click here to sign up to the BusinessLive North West newsletterĪt the time the debt facility was first announced, the new headquarters was due to be developed by Airport City Manchester.ĬBRE, who advised the council on the deal, said the "return on investment from the loan will enable Trafford to support vital public services whilst making a significant contribution to local economic and job growth". THG and Trafford Council have been contacted for comment by the Manchester Evening News. But since then no work on the project, which is to see 300,000sqft of office space created for over 10,000 employees, has started on site.Īccording to newly-published Trafford Council documents, THG's debt facility "has now matured without any drawdowns for the main facility".
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Trafford Council first agreed the major £67.5m debt facility with the software and online retail giant in January 2020 as part of a wider £1bn capital fundraising drive.
The future of THG's plans to build a huge new head office at Manchester Airport is up in the air after a near £70m deal to finance its construction was cancelled.
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