THG UK's Expansion Program
THG UK has started in Establishment Phase, we are focused on acquiring distressed assets across the UK with a heavy focus on the commuter belts, such as the M3/M4 Triangle, The Home Counties and the larger cities in the north of England (Manchester, Liverpool, Birmingham and Leeds). We have done this because it provides our brands with a greater reach while minimising capital expenditure
Lavaine James
President - THG UK
We expect the total CapEx for the Establishment Phase to total £19,560,000 ($26,177,036USD). The majority of this capital will be to allow us to not only acquire the distressed assets but to allow us to continually innovate and adapt to the changing landscape of a post COVID world.
The effects of COVID 19
COVID-19 hit the UK like the rest of the world and left most of us running to catch up. Over the subsequent lockdowns and staged liftings of those lockdowns we were able to review adapt and adjust each brand's model
THG itself has been able to maintain a strong working relationship with all our colleagues and with remote working we have been able to create a stable environment that allows us to continue to push forward.
Look forward
COVID has shown us that our group is not only incredibly resilient but also full of hardworking and loyal colleagues that when the time calls are ready to dig deep and push the group forward. The next 12 Months we will be focusing on both the restablisation of our brands that have been negatively effected by the pandemic and the continuation of our expansion program.
COVID has shown us that our group is not only incredibly resilient but also full of hardworking and loyal colleagues that when the time calls are ready to dig deep and push the group forward. The next 12 Months we will be focusing on both the restablisation of our brands that have been negatively effected by the pandemic and the continuation of our expansion program.