Future Of British Business
Property Entrepreneur Nick Candy Walks Away From Making THG Offer
- THG did not engage with either party or grant due diligence
- Retailer said all recent approaches undervalued the company
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Nick Candy has walked away from making an offer for embattled UK online shopping emporium THG Plc, just hours after a rival consortium also dropped its pursuit.
The property entrepreneur’s Candy Ventures Sarl vehicle said in a statement Thursday that it was withdrawing its interest in the retailer, confirming an earlier report by Bloomberg News.