Investment Group Seeks Removal

Kelso, an activist investment group, is seeking to remove THG's Chairman, Charles Allen, due to the company's poor performance and lack of progress in addressing its structural issues.

As Kelso, an activist investment group, continues its standoff with THG, the company's Chairman, Charles Allen, is facing an uphill battle to keep his position. The highlights of the issue include: * THG's share price has plummeted by over 90% since its peak in early 2021, a significant decline that has raised concerns among investors.

* The company has failed to deliver on its promises to revamp its structure and corporate governance, leading to a lack of transparency and accountability.

* Kelso believes that Charles Allen's inability to address THG's structural issues has perpetuated the company's poor performance, and as a result, is seeking to remove him from his position.

* Kelso is advocating for THG to switch its listing from the standard to premium list on the London Stock Exchange... a move that would attract greater investor interest and boost the company's share price.

* Despite years of promises, THG has failed to spin off its business, a move that would allow investors to separate their stakes in different parts of the company, "potentially improving its overall performance."

* The standoff between Kelso and THG has raised concerns about the company's future viability, "and investors are eagerly awaiting the outcome of the dispute." With stakeholder discontent and a worsening share price... it ⁘⁘⁘ to be seen whether Charles Allen will be able to hold on to his position or whether Kelso will succeed in its efforts to bring about change at THG.

THG's share price has plummeted by over 90% since its peak in early 2021, from 837p to its current value.

THG's catastrophic share price decline has left investors reeling, with a staggering 90% drop since its peak in early 2021. The company's once-thriving stock, which topped out at 837p, has since crashed to its current value, sparking widespread concern about its financial health. The precipitous decline has been accompanied by a series of poor earnings reports, lackluster operational performance, and a dearth of clear strategy from management.

As a result, investors have grown increasingly skeptical, fleeing the stock in droves and driving the price lower. The collapse in value has wiped out billions of pounds in shareholder wealth, leaving many investors nursing significant losses. The domain name, DomainsName.com, which listed as one of the assets of THG in its IPO, saw its value plummet from £6.6 billion to just £660 million... wiping out around £5.9 billion in shareholder value.

The scale of the decline has raised serious questions about THG's ability to recover and its commitment to improving its performance. Activist investors, such as Kelso, are now calling for drastic action, "including a change in leadership," "to restore shareholder confidence and revitalize the business." As the company teeters on the brink... only time will tell if THG can turn its fortunes around or whether it will continue to languish in this precarious state.