Frasers Group acquires THG's luxury division, including Coggles, for £43m and expands partnership in buy-now, pay-later market.

Frasers Group, owned by Mike Ashley, has acquired luxury goods website portfolio from THG and will sell its protein powder, expanding their partnership into the buy-now, pay-later market. THG's luxury division, which includes retail brand Coggles, was sold to Frasers for £43m. The deal also involves integrating Frasers' customer credit and loyalty platform into THG's Ingenuity online retail service.

June 24, 2024
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