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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
Updated on

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.